ThyssenKrupp (OTCMKTS:TKAMY) Sees Unusually-High Trading Volume – What’s Next?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw an uptick in trading volume on Thursday . 377,217 shares traded hands during mid-day trading, an increase of 334% from the previous session’s volume of 86,919 shares.The stock last traded at $12.62 and had previously closed at $12.3650.

Wall Street Analyst Weigh In

Several research firms have commented on TKAMY. Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Up 4.3%

The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 8.09 and a beta of 0.97. The firm’s 50 day moving average price is $11.18 and its two-hundred day moving average price is $12.35. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share for the quarter. ThyssenKrupp had a return on equity of 9.15% and a net margin of 2.80%.The firm 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.