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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $13.27, but opened at $14.21. ThyssenKrupp shares last traded at $13.30, with a volume of 8,475 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, ThyssenKrupp has an average rating of “Moderate Buy”.

Check Out Our Latest Report on TKAMY

ThyssenKrupp Price Performance

The company has a 50-day moving average of $11.20 and a 200-day moving average of $12.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.69. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 8.15 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMYGet Free Report) last announced its quarterly 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 9.15%. The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.60 billion.

ThyssenKrupp Company Profile

(Get Free Report)

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.

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