ThyssenKrupp (OTCMKTS:TKAMY) Trading Up 8.8% – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price traded up 8.8% during mid-day trading on Monday . The stock traded as high as $14.17 and last traded at $14.14. Approximately 12,557 shares were traded during trading, a decline of 69% from the average session volume of 40,829 shares. The stock had previously closed at $13.00.

Analyst Ratings Changes

Several research firms have recently commented on TKAMY. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, ThyssenKrupp presently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 9.5%

The stock has a market capitalization of $8.86 billion, a P/E ratio of 17.37 and a beta of 1.40. 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 company has a 50-day moving average price of $12.40 and a 200 day moving average price of $11.65.

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.