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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up before the market opened on Thursday . The stock had previously closed at $13.88, but opened at $15.21. ThyssenKrupp shares last traded at $15.49, with a volume of 6,667 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TKAMY shares. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

ThyssenKrupp Trading Up 8.6%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 0.99. The company has a market cap of $9.66 billion, a PE ratio of 18.93 and a beta of 1.39. The company’s 50 day simple moving average is $13.25 and its two-hundred day simple moving average is $12.12.

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.