ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Down 7.3% – What’s Next?

by · The Markets Daily

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY – Get Free Report) shares were down 7.3% during mid-day trading on Tuesday . The company traded as low as $10.05 and last traded at $10.23. Approximately 13,541 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 83,682 shares. The stock had previously closed at $11.04.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DZ Bank upgraded shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Zacks Research upgraded ThyssenKrupp to a “hold” rating in a report on Friday, November 14th. Finally, Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

View Our Latest Stock Report on TKAMY

ThyssenKrupp Price Performance

The stock has a market cap of $6.45 billion, a P/E ratio of -7.30 and a beta of 1.07. The business has a 50-day simple moving average of $13.53 and a 200 day simple moving average of $12.09. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06.

ThyssenKrupp (OTCMKTS:TKAMY – Get Free Report) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $1.20 EPS for the quarter. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%.

ThyssenKrupp Company Profile

(Get Free Report)

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.

See Also