ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Should You Buy?

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up prior to trading on Tuesday . The stock had previously closed at $16.58, but opened at $18.1550. ThyssenKrupp shares last traded at $18.1025, with a volume of 2,164 shares changing hands.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of a number of recent analyst reports. DZ Bank upgraded ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Citigroup restated a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. Kepler Capital Markets lowered ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ThyssenKrupp in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

ThyssenKrupp Stock Up 1.9%

The stock’s 50 day moving average is $14.58 and its 200 day moving average is $12.49. The company has a market capitalization of $11.16 billion, a PE ratio of 33.19 and a beta of 1.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.66.

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.