ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Here’s Why

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Wednesday . The stock had previously closed at $13.27, but opened at $14.21. ThyssenKrupp shares last traded at $13.30, with a volume of 8,475 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on TKAMY shares. Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Finally, Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ThyssenKrupp presently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Down 1.3%

The firm’s 50-day moving average is $11.31 and its 200 day moving average is $12.36. The firm has a market capitalization of $8.25 billion, a P/E ratio of 8.03 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.69.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings results on Tuesday, December 9th. The company reported $1.20 EPS for the quarter. ThyssenKrupp had a return on equity of 9.15% and a net margin of 2.80%.The company had revenue of $9.68 billion for the quarter, compared to analyst estimates 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.