ThyssenKrupp (OTCMKTS:TKAMY) Sees Unusually-High Trading Volume – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares saw an uptick in trading volume on Thursday . 377,217 shares changed hands during trading, an increase of 334% from the previous session’s volume of 86,919 shares.The stock last traded at $12.62 and had previously closed at $12.3650.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. 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. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ThyssenKrupp Trading Up 3.4%

The business’s fifty day moving average is $11.27 and its 200-day moving average is $12.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.69. The firm has a market cap of $7.27 billion, a P/E ratio of 7.75 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 for the quarter. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.15%. The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.60 billion.

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.