ThyssenKrupp (OTCMKTS:TKAMY) Sees Unusually-High Trading Volume – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw unusually-strong trading volume on Friday . Approximately 87,284 shares were traded during trading, an increase of 274% from the previous session’s volume of 23,352 shares.The stock last traded at $11.4530 and had previously closed at $10.80.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. DZ Bank upgraded ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Zacks Research raised ThyssenKrupp to a “hold” rating in a research note on Friday, November 14th. Finally, Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

ThyssenKrupp Stock Up 5.4%

The company has a market capitalization of $7.08 billion, a P/E ratio of 6.90 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $12.06 and its 200 day moving average is $12.17.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.60 billion. ThyssenKrupp had a return on equity of 9.15% and a net margin of 2.80%.

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.