ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Up 3.5% – Time to Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) rose 3.5% during mid-day trading on Friday . The company traded as high as $14.74 and last traded at $14.74. Approximately 5,719 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 93,084 shares. The stock had previously closed at $14.24.

Analyst Ratings Changes

Separately, DZ Bank raised ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

ThyssenKrupp Stock Up 4.4%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.09 and a current ratio of 1.73. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of -10.47 and a beta of 1.26. The firm has a 50-day moving average price of $12.55 and a two-hundred day moving average price of $11.42.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.05. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%.The business had revenue of $9.73 billion for the quarter, compared to analyst estimates of $8.62 billion.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.