ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Should You Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up before the market opened on Wednesday . The stock had previously closed at $8.16, but opened at $9.36. ThyssenKrupp shares last traded at $9.15, with a volume of 4,615 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Finally, Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The firm has a fifty day simple moving average of $11.64 and a 200-day simple moving average of $12.36. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 8.54 and a beta of 1.00.

ThyssenKrupp (OTCMKTS:TKAMY) last released its earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.27). The firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $9.42 billion. ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%.

ThyssenKrupp Company Profile

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.