ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up – Time to Buy?

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) shares gapped up before the market opened on Friday. The stock had previously closed at $15.21, but opened at $15.97. ThyssenKrupp shares last traded at $15.97, with a volume of 383 shares.

Analyst Ratings Changes

Several brokerages recently weighed in on TKAMY. Citigroup reissued a “buy” rating on shares of ThyssenKrupp in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ThyssenKrupp in a research note on Friday, September 4th. Kepler Capital Markets downgraded shares of ThyssenKrupp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. DZ Bank raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Zacks Research raised shares of ThyssenKrupp from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Two investment analysts have 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ThyssenKrupp Trading Up 2.2%

The company has a current ratio of 1.62, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 29.57 and a beta of 1.41. The firm has a 50-day moving average price of $16.25 and a 200 day moving average price of $13.64.

About ThyssenKrupp

thyssenkrupp AG is a diversified industrial company headquartered in Essen, Germany. Its businesses develop and supply products, technologies and services for industrial, automotive, energy, materials and infrastructure customers worldwide.

The company’s activities include automotive components and systems, materials distribution and processing, steel production, and technologies for the energy transition. thyssenkrupp also operates marine businesses that provide submarines, naval vessels and related systems, as well as engineering and industrial solutions.