ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Up 8.8% – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price rose 8.8% during trading on Monday . The company traded as high as $14.17 and last traded at $14.14. Approximately 12,557 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 40,829 shares. The stock had previously closed at $13.00.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TKAMY. Citigroup reiterated a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft raised shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

ThyssenKrupp Price Performance

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 fifty day moving average price of $12.54 and a 200 day moving average price of $11.70. The company has a market capitalization of $8.45 billion, a P/E ratio of 16.55 and a beta of 1.40.

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.