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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $16.58, but opened at $18.1550. ThyssenKrupp shares last traded at $18.1025, with a volume of 2,164 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday. Kepler Capital Markets lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 1.9%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 0.99. The stock has a market cap of $11.16 billion, a P/E ratio of 33.19 and a beta of 1.40. The firm’s fifty day moving average price is $14.58 and its two-hundred day moving average price is $12.49.

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.