ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Here’s Why

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share 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.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TKAMY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a report on Friday, September 4th. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 1st. Zacks Research upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, August 21st. Finally, DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

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

ThyssenKrupp Company Profile