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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up before the market opened on Friday. The stock had previously closed at $15.21, but opened at $15.97. ThyssenKrupp shares last traded at $15.97, with a volume of 383 shares trading hands.

Analysts Set New Price Targets

TKAMY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ThyssenKrupp currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Price Performance

The company has a 50 day moving average of $16.25 and a 200 day moving average of $13.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 1.62. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 29.57 and a beta of 1.41.

ThyssenKrupp Company Profile

thyssenkrupp AG is a diversified industrial company headquartered in Essen, Germany. Its businesses develop and supply products, technologies and services for industrial, automotive, energy, materials and infrastructure customers worldwide.

The company’s activities include automotive components and systems, materials distribution and processing, steel production, and technologies for the energy transition. thyssenkrupp also operates marine businesses that provide submarines, naval vessels and related systems, as well as engineering and industrial solutions.