ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.52, but opened at $12.36. ThyssenKrupp shares last traded at $12.27, with a volume of 366 shares traded.

Analyst Ratings Changes

TKAMY has been the subject of several research reports. Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

ThyssenKrupp Price Performance

The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 11.63 and a beta of 1.35. The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $10.25 and a 200-day moving average of $11.69.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings data 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 return on equity of 9.08% and a net margin of 1.83%.The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $9.42 billion. On average, equities research analysts predict that ThyssenKrupp AG Sponsored ADR will post 0.33 EPS for the current fiscal year.

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.