ThyssenKrupp (OTCMKTS:TKAMY) Reaches New 1-Year High – Here’s Why

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) reached a new 52-week high during trading on Friday . The company traded as high as $17.50 and last traded at $17.50, with a volume of 166 shares trading hands. The stock had previously closed at $16.2650.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TKAMY. Kepler Capital Markets downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ThyssenKrupp in a research note on Wednesday, July 22nd. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research report on Friday, August 21st. Finally, DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

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 $10.91 billion, a PE ratio of 32.44 and a beta of 1.40. The company has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $12.42.

ThyssenKrupp Company Profile

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.