ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Should You Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up before the market opened 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 traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TKAMY shares. Zacks Research raised shares of ThyssenKrupp to a “hold” rating in a report on Friday, November 14th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Finally, DZ Bank upgraded shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

ThyssenKrupp Price Performance

The firm’s 50 day moving average is $12.00 and its 200 day moving average is $12.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09. The firm has a market cap of $7.12 billion, a P/E ratio of 7.10 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. ThyssenKrupp had a return on equity of 9.15% and a net margin of 2.80%.The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.60 billion.

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.