ThyssenKrupp (OTCMKTS:TKAMY) Trading Up 7.9% Following Analyst Upgrade

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares shot up 7.9% during trading on Monday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $15.89 and last traded at $15.89. 105 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 37,401 shares. The stock had previously closed at $14.72.

Several other analysts also recently issued reports on the company. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

ThyssenKrupp Stock Up 8.0%

The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $12.23. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 29.44 and a beta of 1.39.

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.