ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Here’s What Happened
by Danessa Lincoln · The Markets DailyThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $11.43, but opened at $12.30. ThyssenKrupp shares last traded at $11.67, with a volume of 15,614 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. DZ Bank raised ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Finally, Zacks Research raised ThyssenKrupp to a “hold” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, ThyssenKrupp has a consensus rating of “Hold”.
Get Our Latest Stock Report on TKAMY
ThyssenKrupp Trading Up 2.4%
The company’s 50-day moving average is $12.00 and its 200-day moving average is $12.21. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 7.10 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.69.
ThyssenKrupp (OTCMKTS:TKAMY – Get Free Report) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.60 billion. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.15%.
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.