ThyssenKrupp (OTCMKTS:TKAMY) Trading Up 2.8% – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shot up 2.8% during mid-day trading on Friday . The stock traded as high as $10.9925 and last traded at $10.9925. 480 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 80,679 shares. The stock had previously closed at $10.69.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. DZ Bank raised ThyssenKrupp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Zacks Research raised ThyssenKrupp to a “hold” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The firm has a market cap of $6.69 billion, a PE ratio of 6.51 and a beta of 1.06. The stock has a 50-day moving average price of $12.39 and a 200 day moving average price of $12.16.

ThyssenKrupp (OTCMKTS:TKAMY) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.60 billion. ThyssenKrupp had a return on equity of 9.26% and a net margin of 2.80%.

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.