ThyssenKrupp (OTCMKTS:TKAMY) Trading Up 8.8% – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price shot up 8.8% on Monday . The stock traded as high as $14.17 and last traded at $14.14. 12,557 shares were traded during trading, a decline of 69% from the average daily volume of 40,829 shares. The stock had previously closed at $13.00.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.66. The firm has a fifty day simple moving average of $12.40 and a 200 day simple moving average of $11.65. The company has a market capitalization of $8.86 billion, a PE ratio of 17.37 and a beta of 1.40.

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.