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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY – Get Free Report)’s stock price gapped up prior to trading on Tuesday. The stock had previously closed at $14.53, but opened at $15.8035. ThyssenKrupp shares last traded at $15.46, with a volume of 611 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TKAMY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, September 4th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 1st. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on ThyssenKrupp

ThyssenKrupp Trading Up 6.4%

The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $9.62 billion, a P/E ratio of 28.63 and a beta of 1.49. The firm’s 50-day simple moving average is $16.16 and its 200-day simple moving average is $13.37.

About ThyssenKrupp

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