ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Time to Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Monday . The stock had previously closed at $11.99, but opened at $12.82. ThyssenKrupp shares last traded at $12.25, with a volume of 3,659 shares trading hands.

Wall Street Analyst Weigh In

TKAMY has been the topic of several research analyst reports. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Finally, DZ Bank raised shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, ThyssenKrupp presently has an average rating of “Moderate Buy”.

ThyssenKrupp Stock Up 4.5%

The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $11.69 and a 200-day simple moving average of $12.26. The firm has a market cap of $7.80 billion, a P/E ratio of 7.60 and a beta of 0.97.

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

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.