ThyssenKrupp (OTCMKTS:TKAMY) Shares Up 2.8% – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price rose 2.8% on Friday . The stock traded as high as $10.9925 and last traded at $10.9925. Approximately 480 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 80,679 shares. The stock had previously closed at $10.69.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TKAMY shares. DZ Bank raised shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 16th. Zacks Research raised ThyssenKrupp to a “hold” rating in a research report on Friday, November 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The firm has a market capitalization of $6.65 billion, a P/E ratio of 6.48 and a beta of 1.06. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $12.47 and its 200-day moving average is $12.13.

ThyssenKrupp (OTCMKTS:TKAMY) last released its earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share for the quarter. ThyssenKrupp had a return on equity of 9.26% and a net margin of 2.80%.The firm had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.60 billion.

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.