ThyssenKrupp (OTCMKTS:TKAMY) Trading 7.9% Higher Following Analyst Upgrade

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shot up 7.9% on Monday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $15.89 and last traded at $15.89. 105 shares were traded during mid-day trading, a decline of 100% from the average session volume of 37,401 shares. The stock had previously closed at $14.72.

A number of other equities research analysts have also recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 29.44 and a beta of 1.39. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $13.61 and its 200 day moving average is $12.23.

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.