ThyssenKrupp (OTCMKTS:TKAMY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) saw unusually-high trading volume on Wednesday . Approximately 145,503 shares changed hands during mid-day trading, an increase of 288% from the previous session’s volume of 37,463 shares.The stock last traded at $14.33 and had previously closed at $13.88.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TKAMY. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

ThyssenKrupp Stock Up 3.1%

The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company has a market cap of $8.91 billion, a PE ratio of 17.45 and a beta of 1.39. The company’s fifty day moving average is $13.24 and its 200-day moving average is $12.11.

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.