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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $13.88, but opened at $15.21. ThyssenKrupp shares last traded at $15.49, with a volume of 6,667 shares changing hands.

Analyst Upgrades and Downgrades

TKAMY has been the subject of a number of recent analyst reports. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research report on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a market capitalization of $9.95 billion, a P/E ratio of 29.61 and a beta of 1.39. 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 business’s fifty day simple moving average is $13.35 and its 200-day simple moving average is $12.16.

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.