ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Still a Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $14.53, but opened at $15.8035. ThyssenKrupp shares last traded at $15.46, with a volume of 611 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Kepler Capital Markets cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Deutsche Bank reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, September 4th. Finally, Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ThyssenKrupp Trading Down 1.0%

The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 13.49 and a beta of 1.49. The business’s fifty day moving average is $16.11 and its 200 day moving average is $13.39. The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.05.

About ThyssenKrupp

thyssenkrupp AG is a Germany-based industrial group formed in 1999 through the merger of Thyssen AG and Friedrich Krupp AG. The company has roots in the 19th-century steel and engineering industries and is headquartered in Essen, Germany. Its businesses span steel production and processing, materials distribution, automotive components and systems, industrial technologies, and marine systems. The group also develops technologies for areas such as industrial decarbonization and hydrogen production. thyssenkrupp serves customers across a range of industries and operates in markets around the world, with activities and customers in Europe and other international regions.