ThyssenKrupp (OTCMKTS:TKAMY) Sees Large Volume Increase - Still a Buy?

Key Points

• ThyssenKrupp AG experienced a significant trading volume increase of 432%, with approximately 576,838 shares traded on Tuesday, compared to the previous session's volume of 108,489 shares.
• Kepler Capital Markets upgraded ThyssenKrupp from a "hold" rating to a "strong-buy" rating, signaling increased optimism among analysts.
• The company reported a quarterly revenue of $9.62 billion, surpassing analysts' expectations of $8.55 billion, despite experiencing a slight earnings miss of $0.26 per share against a consensus estimate of $0.28.

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 576,838 shares traded hands during trading, an increase of 432% from the previous session's volume of 108,489 shares.The stock last traded at $11.82 and had previously closed at $12.24.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised ThyssenKrupp from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 31st.

ThyssenKrupp Stock Performance

The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of -6.58 and a beta of 1.26. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.76. The company has a 50 day moving average price of $10.92 and a 200 day moving average price of $9.30.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.02). ThyssenKrupp had a negative return on equity of 9.70% and a negative net margin of 3.04%. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $8.55 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.

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