ThyssenKrupp (OTCMKTS:TKAMY) Trading Up 2.8% – What’s Next?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shot up 2.8% during trading on Friday . The company traded as high as $10.9925 and last traded at $10.9925. 480 shares were traded during mid-day trading, a decline of 99% from the average session volume of 80,679 shares. The stock had previously closed at $10.69.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TKAMY shares. Zacks Research raised shares of ThyssenKrupp to a “hold” rating in a report on Friday, November 14th. DZ Bank upgraded ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The stock has a market capitalization of $6.65 billion, a P/E ratio of 6.48 and a beta of 1.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.09 and a current ratio of 1.73. The company’s fifty day simple moving average is $12.47 and its two-hundred day simple moving average is $12.13.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.60 billion. ThyssenKrupp had a return on equity of 9.26% and a net margin of 2.80%.

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.