ThyssenKrupp (OTCMKTS:TKAMY) Hits New 1-Year High - Still a Buy?

Key Points

• ThyssenKrupp AG's stock price reached a new 52-week high of $16.91, closing at $16.32, with trading volume of 32,755 shares.
• Analysts have upgraded ThyssenKrupp from a "strong sell" to a "hold" rating, with an overall average rating of "hold" from three analysts, including one Strong Buy and one Sell.
• The company reported a quarterly earnings per share (EPS) of $0.28, beating expectations of $0.23, and generated revenue of $9.73 billion, exceeding projections of $8.62 billion.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $16.91 and last traded at $16.32, with a volume of 32755 shares trading hands. The stock had previously closed at $14.87.

Analyst Upgrades and Downgrades

Separately, DZ Bank raised shares of ThyssenKrupp from a "strong sell" rating to a "hold" rating in a research report 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. According to MarketBeat.com, ThyssenKrupp currently has an average rating of "Hold".

ThyssenKrupp Stock Performance

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 company has a market capitalization of $10.08 billion, a PE ratio of -11.41 and a beta of 1.26. The business's 50-day moving average is $12.55 and its 200-day moving average is $11.43.

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

ThyssenKrupp Company Profile

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.

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