ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $11.6750, but opened at $12.42. ThyssenKrupp shares last traded at $12.3350, with a volume of 9,139 shares trading hands.

Wall Street Analyst Weigh In

TKAMY has been the topic of several recent research reports. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ThyssenKrupp Price Performance

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 stock’s 50-day moving average is $11.32 and its two-hundred day moving average is $12.33. The stock has a market cap of $7.59 billion, a PE ratio of 7.39 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMY) last released 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 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.