ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.08, but opened at $13.80. ThyssenKrupp shares last traded at $13.81, with a volume of 378 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Barclays reissued an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Zacks Research cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

ThyssenKrupp Stock Up 2.1%

The company has a market cap of $8.61 billion, a price-to-earnings ratio of 16.87 and a beta of 1.35. 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 stock’s fifty day moving average is $10.77 and its two-hundred day moving average is $11.44.

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.