ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Still a Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Friday . The stock had previously closed at $10.34, but opened at $11.05. ThyssenKrupp shares last traded at $11.09, with a volume of 3,661 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Zacks Research lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 6.7%

The firm has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $12.05. The firm has a market capitalization of $6.77 billion, a P/E ratio of 10.06 and a beta of 1.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.72 and a quick ratio of 1.01.

ThyssenKrupp (OTCMKTS:TKAMY) last announced 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). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. The firm had revenue of $8.52 billion for the quarter, compared to the consensus estimate of $9.42 billion.

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.