ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Up 6.3% – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares shot up 6.3% on Friday . The stock traded as high as $13.50 and last traded at $13.48. 13,470 shares were traded during mid-day trading, a decline of 82% from the average session volume of 74,952 shares. The stock had previously closed at $12.68.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Zacks Research upgraded shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Jefferies Financial Group raised shares of ThyssenKrupp to a “buy” rating in a research report on Friday. Finally, Citigroup restated a “buy” rating on shares of ThyssenKrupp in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

ThyssenKrupp Stock Performance

The firm’s 50 day moving average price is $12.13 and its 200-day moving average price is $12.44. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 12.38 and a beta of 1.01. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.69 and a quick ratio of 1.09.

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

About ThyssenKrupp

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.