ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up on Analyst Upgrade

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up prior to trading on Friday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $14.72, but opened at $15.67. ThyssenKrupp shares last traded at $15.65, with a volume of 1,421 shares.

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, ThyssenKrupp presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 5.8%

The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average is $13.61 and its two-hundred day moving average is $12.24. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 28.83 and a beta of 1.39.

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.