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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.79, but opened at $9.45. ThyssenKrupp shares last traded at $9.48, with a volume of 562 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have commented on TKAMY. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Barclays reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Finally, Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

ThyssenKrupp Price Performance

The stock has a 50 day moving average of $12.01 and a 200-day moving average of $12.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.72. The company has a market cap of $5.80 billion, a PE ratio of 8.63 and a beta of 1.00.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. The firm had revenue of $8.52 billion during 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.