ThyssenKrupp (OTCMKTS:TKAMY) Sets New 1-Year High – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) hit a new 52-week high on Thursday . The company traded as high as $17.19 and last traded at $17.19, with a volume of 9460 shares changing hands. The stock had previously closed at $15.96.

Analyst Ratings Changes

Several equities research analysts have weighed in on TKAMY shares. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Finally, DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, ThyssenKrupp currently has an average rating of “Hold”.

ThyssenKrupp Price Performance

The firm has a 50-day simple moving average of $13.80 and a 200-day simple moving average of $12.29. The firm has a market cap of $10.72 billion, a P/E ratio of 31.89 and a beta of 1.39. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05.

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.