ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Time to Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Monday . The stock had previously closed at $11.99, but opened at $12.82. ThyssenKrupp shares last traded at $12.25, with a volume of 3,659 shares trading hands.

Wall Street Analysts Forecast Growth

TKAMY has been the subject of several research analyst reports. Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. DZ Bank raised shares of ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 16th. Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Finally, Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ThyssenKrupp Trading Up 4.5%

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09. The firm’s 50 day moving average price is $11.69 and its 200 day moving average price is $12.26. The stock has a market capitalization of $7.80 billion, a P/E ratio of 7.60 and a beta of 0.97.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $1.20 EPS for the quarter. ThyssenKrupp had a net margin of 2.80% and a return on equity of 9.15%. The business had revenue of $9.68 billion during the quarter, compared to analyst estimates 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.