ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $14.4590, but opened at $15.2740. ThyssenKrupp shares last traded at $15.25, with a volume of 4,666 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TKAMY shares. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ThyssenKrupp Trading Up 5.5%

The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 28.26 and a beta of 1.41. 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 firm’s fifty day moving average is $16.14 and its 200-day moving average is $13.42.

ThyssenKrupp Company Profile

thyssenkrupp AG is a diversified industrial company headquartered in Essen, Germany. Its businesses develop and supply products, technologies and services for industrial, automotive, energy, materials and infrastructure customers worldwide.

The company’s activities include automotive components and systems, materials distribution and processing, steel production, and technologies for the energy transition. thyssenkrupp also operates marine businesses that provide submarines, naval vessels and related systems, as well as engineering and industrial solutions.