ThyssenKrupp (OTCMKTS:TKAMY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw an uptick in trading volume on Monday. 56,766 shares traded hands during trading, an increase of 75% from the average daily volume of 32,413 shares. The stock last traded at $14.50 and had previously closed at $14.63.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Zacks Research upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. Finally, Kepler Capital Markets downgraded ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Up 1.5%

The firm has a market cap of $9.49 billion, a PE ratio of 28.22 and a beta of 1.49. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.62 and a quick ratio of 0.98. The business has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $13.38.

ThyssenKrupp Company Profile

thyssenkrupp AG is a Germany-based industrial group formed in 1999 through the merger of Thyssen AG and Friedrich Krupp AG. The company has roots in the 19th-century steel and engineering industries and is headquartered in Essen, Germany. Its businesses span steel production and processing, materials distribution, automotive components and systems, industrial technologies, and marine systems. The group also develops technologies for areas such as industrial decarbonization and hydrogen production. thyssenkrupp serves customers across a range of industries and operates in markets around the world, with activities and customers in Europe and other international regions.