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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $14.72, but opened at $15.67. ThyssenKrupp shares last traded at $15.65, with a volume of 1,421 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ThyssenKrupp in a research report on Wednesday, July 22nd. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

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ThyssenKrupp Trading Up 6.4%

The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $13.56 and a 200-day moving average price of $12.21. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 29.00 and a beta of 1.39.

ThyssenKrupp Company Profile

(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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