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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Wednesday . The stock had previously closed at $12.7295, but opened at $13.40. ThyssenKrupp shares last traded at $13.10, with a volume of 26,408 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently weighed in on TKAMY. Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Finally, Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus 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 company has a 50-day simple moving average of $12.04 and a 200-day simple moving average of $12.43. The stock has a market cap of $8.16 billion, a PE ratio of 12.13 and a beta of 1.01.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results 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). The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $9.42 billion. ThyssenKrupp had a return on equity of 9.21% and a net margin of 1.83%.

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.