ThyssenKrupp (OTCMKTS:TKAMY) Sets New 12-Month High – Time to Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares hit a new 52-week high during trading on Thursday . The company traded as high as $17.19 and last traded at $17.19, with a volume of 9460 shares traded. The stock had previously closed at $15.96.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TKAMY. DZ Bank upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. One research analyst has 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 stock. According to MarketBeat, the company has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

The firm has a market capitalization of $10.53 billion, a PE ratio of 31.33 and a beta of 1.39. 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 simple moving average is $14.00 and its two-hundred day simple moving average is $12.35.

ThyssenKrupp Company Profile

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.