ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up on Analyst Upgrade

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up before the market opened on Monday after Zacks Research upgraded the stock to a hold rating. The stock had previously closed at $15.1350, but opened at $15.88. ThyssenKrupp shares last traded at $15.08, with a volume of 14,503 shares.

Separately, DZ Bank upgraded ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Down 29.9%

The firm’s 50-day simple moving average is $14.29 and its 200 day simple moving average is $12.09. The stock has a market cap of $6.60 billion, a P/E ratio of -7.46 and a beta of 1.25. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06.

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.