ThyssenKrupp (OTCMKTS:TKAMY) Sets New 1-Year High – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price reached a new 52-week high on Thursday . The company traded as high as $17.19 and last traded at $17.19, with a volume of 9460 shares changing hands. The stock had previously closed at $15.96.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Finally, DZ Bank raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a market cap of $10.72 billion, a PE ratio of 31.89 and a beta of 1.39. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $13.80 and its two-hundred day simple moving average is $12.29.

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.