ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Still a Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $8.16, but opened at $9.36. ThyssenKrupp shares last traded at $9.15, with a volume of 4,615 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Finally, Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, ThyssenKrupp presently has an average rating of “Hold”.

ThyssenKrupp Trading Down 2.2%

The business’s 50 day simple moving average is $11.50 and its two-hundred day simple moving average is $12.31. The stock has a market cap of $5.65 billion, a P/E ratio of 8.40 and a beta of 1.14. The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) EPS 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 firm had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $9.42 billion.

About ThyssenKrupp

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.