ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Here’s What Happened

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $10.34, but opened at $11.05. ThyssenKrupp shares last traded at $11.09, with a volume of 3,661 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays reiterated an “underweight” rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Zacks Research cut shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Morgan Stanley reaffirmed an “underweight” rating on shares of ThyssenKrupp in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group upgraded 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

ThyssenKrupp Price Performance

The company has a market cap of $6.77 billion, a P/E ratio of 10.06 and a beta of 1.14. The stock has a 50-day simple moving average of $10.73 and a 200 day simple moving average of $12.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.72.

ThyssenKrupp (OTCMKTS:TKAMY) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.27). The firm had revenue of $8.52 billion for 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 9.08%.

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.