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

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Wednesday . The stock had previously closed at $12.7295, but opened at $13.40. ThyssenKrupp shares last traded at $13.10, with a volume of 26,408 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ThyssenKrupp Stock Up 2.9%

The firm has a fifty day simple moving average of $12.04 and a 200 day simple moving average of $12.43. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.69. The company has a market cap of $8.16 billion, a PE ratio of 12.13 and a beta of 1.01.

ThyssenKrupp (OTCMKTS:TKAMY) last released its earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.21% and a net margin of 1.83%.The company had revenue of $8.52 billion during the quarter, compared to analyst estimates of $9.42 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.