ThyssenKrupp (OTCMKTS:TKAMY) Sees Strong Trading Volume – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares saw unusually-high trading volume on Monday. Approximately 56,766 shares changed hands during mid-day trading, an increase of 75% from the average daily volume of 32,413 shares. The stock last traded at $14.50 and had previously closed at $14.63.

Analyst Ratings Changes

A number of research firms have issued reports on TKAMY. Kepler Capital Markets cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Finally, Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ThyssenKrupp Trading Up 4.5%

The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 28.11 and a beta of 1.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 1.62. The firm has a fifty day moving average price of $16.20 and a 200-day moving average price of $13.36.

ThyssenKrupp Company Profile