ThyssenKrupp (OTCMKTS:TKAMY) Sees Unusually-High Trading Volume – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY – Get Free Report) saw an uptick in trading volume on Friday . 41,577 shares were traded during trading, an increase of 18% from the previous session’s volume of 35,364 shares.The stock last traded at $17.55 and had previously closed at $17.74.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. Kepler Capital Markets downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, ThyssenKrupp presently has an average rating of “Hold”.

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ThyssenKrupp Stock Performance

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 business’s 50 day moving average is $15.32 and its 200 day moving average is $12.76. The stock has a market capitalization of $10.88 billion, a PE ratio of 32.35 and a beta of 1.40.

About ThyssenKrupp

(Get Free Report)

Thyssenkrupp AG is a German industrial group headquartered in Essen, Germany. The company develops and supplies products, technologies and services for industrial customers in areas including steel, materials distribution, automotive components, marine systems and industrial decarbonization.

Its Automotive Technology business produces components and systems such as chassis, steering and powertrain solutions. Materials Services distributes and processes raw materials and industrial products, while Steel Europe manufactures flat carbon steel products for customers in the automotive, construction, engineering and other industries.

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