ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMYGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.88, but opened at $15.21. ThyssenKrupp shares last traded at $15.49, with a volume of 6,667 shares.

Analysts Set New Price Targets

A number of analysts have issued reports on TKAMY shares. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Get Our Latest Report on ThyssenKrupp

ThyssenKrupp Price Performance

The company has a 50 day moving average of $13.25 and a 200 day moving average of $12.12. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.66. The stock has a market capitalization of $9.66 billion, a price-to-earnings ratio of 18.93 and a beta of 1.39.

About ThyssenKrupp

(Get Free Report)

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.

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