ThyssenKrupp (OTCMKTS:TKAMY) Sees Strong Trading Volume – Time to Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares saw unusually-high trading volume on Thursday . Approximately 222,320 shares changed hands during trading, an increase of 308% from the previous session’s volume of 54,448 shares.The stock last traded at $12.10 and had previously closed at $12.12.

Analysts Set New Price Targets

TKAMY has been the topic of several recent analyst reports. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

ThyssenKrupp Price Performance

The company’s 50-day moving average price is $11.54 and its 200-day moving average price is $12.28. The company has a market cap of $7.47 billion, a P/E ratio of 7.27 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09.

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

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.