ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Still a Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $10.34, but opened at $11.05. ThyssenKrupp shares last traded at $11.09, with a volume of 3,661 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on TKAMY shares. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

ThyssenKrupp Stock Up 6.7%

The company’s 50 day moving average price is $10.79 and its two-hundred day moving average price is $12.05. The firm has a market cap of $6.77 billion, a PE ratio of 10.06 and a beta of 1.14. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.27). The business had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $9.42 billion. ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.

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.