ThyssenKrupp (OTCMKTS:TKAMY) Hits New 1-Year High - Time to Buy?

Key Points

• ThyssenKrupp shares reached a new 52-week high of $13.97, with trading volume of 1,215 shares.
• Analyst ratings have improved, with DZ Bank upgrading the stock from a "strong sell" to a "hold" rating.
• The company reported earnings per share of $0.28 for the last quarter, exceeding analysts' expectations of $0.23, alongside revenues of $9.73 billion.

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $13.97 and last traded at $13.97, with a volume of 1215 shares traded. The stock had previously closed at $13.67.

Wall Street Analysts Forecast Growth

Separately, DZ Bank raised ThyssenKrupp from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, ThyssenKrupp has a consensus rating of "Hold".

ThyssenKrupp Trading Up 1.2%

The company has a 50 day moving average of $11.68 and a 200 day moving average of $10.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.09 and a current ratio of 1.73. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of -9.74 and a beta of 1.33.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. ThyssenKrupp had a negative return on equity of 7.90% and a negative net margin of 2.40%.The firm had revenue of $9.73 billion during the quarter, compared to the consensus estimate of $8.62 billion.

About ThyssenKrupp

thyssenkrupp AG operates as an industrial and technology company in Germany and internationally. It operates through five segments: Automotive Technology, Decarbon Technologies, Materials Services, Steel Europe, and Marine Systems. The Automotive Technology segment offers components, systems, and automation solutions for vehicle manufacturing, such as axle assembly, body in white, camshafts and electric engine components, dampers, dies, springs and stabilizers, crankshafts and conrods, steering, and undercarriages.