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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $14.09, but opened at $14.73. ThyssenKrupp shares last traded at $14.65, with a volume of 1,304 shares.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ThyssenKrupp 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 stock has a market cap of $9.15 billion, a P/E ratio of -10.36 and a beta of 1.26. The company’s 50 day simple moving average is $11.85 and its 200 day simple moving average is $11.10.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its earnings results on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. ThyssenKrupp had a negative net margin of 2.40% and a negative return on equity of 7.90%. The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $8.62 billion.

ThyssenKrupp Company Profile

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.