ThyssenKrupp (OTCMKTS:TKAMY) Shares Up 6.3% – Should You Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price rose 6.3% during trading on Friday . The stock traded as high as $13.50 and last traded at $13.48. Approximately 13,470 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 74,952 shares. The stock had previously closed at $12.68.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Zacks Research upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Jefferies Financial Group raised ThyssenKrupp to a “buy” rating in a research report on Friday. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Finally, Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ThyssenKrupp Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 12.38 and a beta of 1.01. The stock’s 50 day simple moving average is $12.13 and its 200-day simple moving average is $12.44.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.21% and a net margin of 1.83%.The business had revenue of $8.52 billion for the quarter, compared to analyst estimates of $9.42 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.