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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Friday . The stock had previously closed at $13.08, but opened at $13.80. ThyssenKrupp shares last traded at $13.81, with a volume of 378 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TKAMY. Jefferies Financial Group raised ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Deutsche Bank Aktiengesellschaft upgraded ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, ThyssenKrupp has an average rating of “Hold”.

ThyssenKrupp Stock Up 2.1%

The firm has a 50 day moving average of $10.77 and a 200 day moving average of $11.44. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 16.87 and a beta of 1.35. The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05.

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.