ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Up 7.2% – Here’s What Happened

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) were up 7.2% on Tuesday . The company traded as high as $14.21 and last traded at $14.21. Approximately 3,612 shares changed hands during trading, a decline of 96% from the average daily volume of 89,143 shares. The stock had previously closed at $13.25.

Wall Street Analysts Forecast Growth

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

ThyssenKrupp Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 8.42 and a beta of 1.01. The business’s 50 day simple moving average is $11.45 and its 200-day simple moving average is $12.36.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.15%. The business 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.