ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Still a Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.1650, but opened at $13.18. ThyssenKrupp shares last traded at $12.97, with a volume of 1,059 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on TKAMY. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The stock has a market cap of $8.13 billion, a P/E ratio of 15.92 and a beta of 1.37. The business’s 50-day simple moving average is $11.59 and its two-hundred day simple moving average is $11.45.

About ThyssenKrupp

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.