ThyssenKrupp (OTCMKTS:TKAMY) Hits New 1-Year High – Should You Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $17.50 and last traded at $17.50, with a volume of 166 shares changing hands. The stock had previously closed at $16.2650.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

ThyssenKrupp Trading Up 5.7%

The stock has a fifty day moving average of $14.34 and a two-hundred day moving average of $12.42. The company has a market capitalization of $10.91 billion, a PE ratio of 32.44 and a beta of 1.40. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05.

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.