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 Thursday . The stock had previously closed at $11.9085, but opened at $12.76. ThyssenKrupp shares last traded at $12.81, with a volume of 6,815 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of ThyssenKrupp from a “buy” rating to a “buy” rating in a research note on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of ThyssenKrupp in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

ThyssenKrupp Stock Performance

The business has a 50 day simple moving average of $12.29 and a 200 day simple moving average of $11.62. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $8.09 billion, a PE ratio of 15.85 and a beta of 1.40.

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.