ThyssenKrupp (OTCMKTS:TKAMY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw unusually-high trading volume on Friday . Approximately 171,263 shares were traded during mid-day trading, an increase of 152% from the previous session’s volume of 67,923 shares.The stock last traded at $9.0750 and had previously closed at $9.54.

Analysts Set New Price Targets

TKAMY has been the topic of several research analyst reports. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Zacks Research lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Finally, Jefferies Financial Group upgraded ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 6.1%

The business’s 50 day simple moving average is $12.38 and its 200-day simple moving average is $12.53. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01. The stock has a market capitalization of $5.57 billion, a P/E ratio of 8.29 and a beta of 1.00.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. The company had revenue of $8.52 billion during the quarter, compared to analyst estimates of $9.42 billion.

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.