ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Still a Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped up before the market opened on Friday . The stock had previously closed at $12.1650, but opened at $13.18. ThyssenKrupp shares last traded at $12.97, with a volume of 1,059 shares traded.

Analysts Set New Price Targets

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

ThyssenKrupp Stock Performance

The stock’s 50 day moving average price is $11.59 and its 200 day moving average price is $11.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.66. The company has a market capitalization of $8.13 billion, a P/E ratio of 15.92 and a beta of 1.37.

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.