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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $16.58, but opened at $18.1550. ThyssenKrupp shares last traded at $18.1025, with a volume of 2,164 shares trading hands.

Wall Street Analyst Weigh In

TKAMY has been the topic of several recent research reports. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

ThyssenKrupp Stock Down 0.6%

The company has a market cap of $11.11 billion, a price-to-earnings ratio of 33.04 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.66. The stock’s fifty day moving average is $14.82 and its two-hundred day moving average is $12.56.

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.