ThyssenKrupp (OTCMKTS:TKAMY) Stock Price Up 4.7% – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) was up 4.7% during mid-day trading on Friday . The stock traded as high as $13.71 and last traded at $12.95. Approximately 8,764 shares traded hands during trading, a decline of 92% from the average daily volume of 114,436 shares. The stock had previously closed at $12.3650.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of several analyst reports. Morgan Stanley reiterated an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, December 5th. Finally, Zacks Research raised ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, ThyssenKrupp presently has an average rating of “Moderate Buy”.

ThyssenKrupp Trading Up 4.3%

The business has a fifty day moving average of $11.18 and a 200-day moving average of $12.35. The company has a current ratio of 1.69, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05.

ThyssenKrupp (OTCMKTS:TKAMY) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $1.20 earnings per share for the quarter. The firm had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.60 billion. ThyssenKrupp had a return on equity of 9.15% 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.