ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up After Analyst Upgrade

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY)’s stock price gapped up before the market opened on Friday after DZ Bank upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $14.72, but opened at $15.67. ThyssenKrupp shares last traded at $15.65, with a volume of 1,421 shares trading hands.

Other equities research analysts have also recently issued reports about the stock. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

ThyssenKrupp Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.66 and a quick ratio of 0.99. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 28.83 and a beta of 1.39. The company has a fifty day moving average price of $13.61 and a two-hundred day moving average price of $12.24.

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.