ThyssenKrupp (OTCMKTS:TKAMY) Trading Up 6.5% – Here’s What Happened

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shot up 6.5% on Wednesday . The stock traded as high as $9.54 and last traded at $9.48. 350 shares were traded during trading, a decline of 100% from the average session volume of 71,227 shares. The stock had previously closed at $8.90.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TKAMY. Jefferies Financial Group raised ThyssenKrupp from a “hold” rating to a “buy” rating in a research report on Friday, February 20th. Barclays restated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Zacks Research lowered shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

ThyssenKrupp Trading Down 2.0%

The stock has a 50-day moving average of $12.14 and a 200 day moving average of $12.48. The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05. The stock has a market cap of $5.81 billion, a PE ratio of 8.64 and a beta of 1.00.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.The business had revenue of $8.52 billion for the quarter, compared to analysts’ expectations 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.