ThyssenKrupp (OTCMKTS:TKAMY) Shares Up 4.7% – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shot up 4.7% on Friday . The stock traded as high as $13.71 and last traded at $12.95. 8,764 shares were traded during trading, a decline of 92% from the average session volume of 114,436 shares. The stock had previously closed at $12.3650.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TKAMY shares. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Finally, Zacks Research upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

The firm has a market capitalization of $7.70 billion, a PE ratio of 8.04 and a beta of 0.97. The firm’s 50 day moving average price is $11.22 and its 200-day moving average price is $12.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.69.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.60 billion. ThyssenKrupp had a return on equity of 9.15% and a net margin of 2.80%.

ThyssenKrupp Company Profile

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.