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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Tuesday . The stock had previously closed at $11.52, but opened at $12.36. ThyssenKrupp shares last traded at $12.27, with a volume of 366 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft raised ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Zacks Research cut ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Jefferies Financial Group raised ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Finally, Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, ThyssenKrupp presently has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.72. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 11.30 and a beta of 1.35. The company has a fifty day simple moving average of $10.27 and a two-hundred day simple moving average of $11.73.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.The business had revenue of $8.52 billion for the quarter, compared to analyst estimates of $9.42 billion. As a group, equities research analysts expect that ThyssenKrupp AG Sponsored ADR will post 0.33 earnings per share for the current fiscal year.

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.