ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Time to Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Wednesday . The stock had previously closed at $11.6750, but opened at $12.42. ThyssenKrupp shares last traded at $12.3350, with a volume of 9,139 shares trading hands.

Analyst Ratings Changes

TKAMY has been the topic of several recent analyst reports. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, December 5th. Finally, Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Up 4.3%

The company’s fifty day simple moving average is $11.22 and its 200 day simple moving average is $12.33. The company has a quick ratio of 1.09, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $7.70 billion, a PE ratio of 8.09 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share for the quarter. The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.60 billion. ThyssenKrupp had a return on equity of 9.15% and a net margin of 2.80%.

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.