ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up After Analyst Upgrade

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Monday after Zacks Research upgraded the stock to a hold rating. The stock had previously closed at $15.1350, but opened at $15.88. ThyssenKrupp shares last traded at $15.08, with a volume of 14,503 shares trading hands.

Separately, DZ Bank upgraded shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

ThyssenKrupp Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The company has a 50-day simple moving average of $14.29 and a 200-day simple moving average of $12.09. The stock has a market cap of $6.60 billion, a PE ratio of -7.46 and a beta of 1.25.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.