ThyssenKrupp (OTCMKTS:TKAMY) Trading 5.3% Higher – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) rose 5.3% during trading on Monday . The company traded as high as $10.99 and last traded at $10.99. Approximately 14,269 shares traded hands during trading, a decline of 83% from the average daily volume of 82,754 shares. The stock had previously closed at $10.44.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TKAMY. DZ Bank raised shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Zacks Research raised shares of ThyssenKrupp to a “hold” rating in a research note on Friday, November 14th. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ThyssenKrupp has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06. The stock has a market cap of $6.75 billion, a PE ratio of 6.57 and a beta of 1.07. The business’s 50-day moving average price is $13.23 and its 200-day moving average price is $12.10.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share for the quarter. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.26%. The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.60 billion.

ThyssenKrupp Company Profile

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.