ThyssenKrupp (OTCMKTS:TKAMY) Upgraded at DZ Bank

DZ Bank upgraded shares of ThyssenKrupp (OTCMKTS:TKAMY) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

ThyssenKrupp Trading Up 3.2%

Shares of OTCMKTS TKAMY opened at $13.85 on Tuesday. The company’s fifty day moving average is $11.65 and its 200-day moving average is $10.79. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of -9.75 and a beta of 1.32. ThyssenKrupp has a twelve month low of $3.44 and a twelve month high of $13.85. The company has a quick ratio of 1.09, a current ratio of 1.73 and a debt-to-equity ratio of 0.06.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $9.73 billion for the quarter, compared to analysts’ expectations of $8.62 billion. ThyssenKrupp had a negative net margin of 2.40% and a negative return on equity of 7.90%.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.