ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Should You Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.16, but opened at $9.36. ThyssenKrupp shares last traded at $9.15, with a volume of 4,615 shares trading hands.

Analysts Set New Price Targets

TKAMY has been the subject of a number of recent research reports. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Zacks Research lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Jefferies Financial Group upgraded shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Barclays reissued an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Finally, Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, ThyssenKrupp currently has an average rating of “Hold”.

ThyssenKrupp Trading Up 5.4%

The company has a market capitalization of $5.74 billion, a P/E ratio of 8.54 and a beta of 1.00. The business has a 50 day moving average price of $11.64 and a 200 day moving average price of $12.36. The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.27). The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.42 billion. ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.

About ThyssenKrupp

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.