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

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY) gapped up before the market opened 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.

Wall Street Analysts Forecast Growth

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

ThyssenKrupp Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 1.66. The stock has a market cap of $8.09 billion, a P/E ratio of 15.85 and a beta of 1.40. The firm’s 50 day moving average is $12.40 and its 200 day moving average is $11.64.

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.