ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – What’s Next?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $9.8420, but opened at $10.2396. ThyssenKrupp shares last traded at $10.2396, with a volume of 117 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TKAMY shares. Morgan Stanley restated an “underweight” rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Zacks Research downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Finally, Jefferies Financial Group raised shares of ThyssenKrupp from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Up 2.6%

The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The firm has a market cap of $6.20 billion, a PE ratio of 9.22 and a beta of 1.14. The business’s 50-day simple moving average is $11.04 and its 200 day simple moving average is $12.13.

ThyssenKrupp (OTCMKTS:TKAMY) last posted its earnings results on Thursday, February 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). The business had revenue of $8.52 billion for the quarter, compared to analysts’ expectations of $9.42 billion. ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%.

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.