ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Time to Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up before the market opened on Friday. The stock had previously closed at $14.4590, but opened at $15.2740. ThyssenKrupp shares last traded at $15.25, with a volume of 4,666 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Citigroup reissued 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 research report on Friday, September 4th. Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Kepler Capital Markets cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, ThyssenKrupp presently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Price Performance

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 business has a 50 day simple moving average of $16.14 and a 200-day simple moving average of $13.42. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 28.26 and a beta of 1.41.

About ThyssenKrupp

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.