ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.43, but opened at $12.30. ThyssenKrupp shares last traded at $11.67, with a volume of 15,614 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TKAMY. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday. Zacks Research raised shares of ThyssenKrupp to a “hold” rating in a research report on Friday, November 14th. Finally, DZ Bank raised shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, ThyssenKrupp currently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 6.6%

The business has a fifty day moving average price of $11.86 and a two-hundred day moving average price of $12.23. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $7.30 billion, a PE ratio of 7.29 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.60 billion. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.15%.

About ThyssenKrupp

ThyssenKrupp AG (OTCMKTS: TKAMY) is a diversified German industrial conglomerate headquartered in Essen and Düsseldorf. Formed in 1999 through the merger of Thyssen AG and Friedrich Krupp GmbH, the company operates across multiple segments, including steel production, materials distribution, industrial engineering, elevator technology and automotive components.

In its Materials Services division, ThyssenKrupp supplies processed and semi-finished steel products and high-performance materials to industries such as automotive, construction and machinery manufacturing.