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

Key Points

• ThyssenKrupp's share price reached a new **52-week high** of $14.94 during trading, reflecting a positive trend for the stock.
• DZ Bank has upgraded ThyssenKrupp's rating from **"strong sell"** to **"hold,"** with a current consensus rating of **"hold"** from multiple analysts.
• The company reported earnings of **$0.28 per share,** surpassing expectations, and generated **$9.73 billion** in revenue for the quarter.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $14.94 and last traded at $14.79, with a volume of 28153 shares trading hands. The stock had previously closed at $14.71.

Wall Street Analyst Weigh In

Separately, DZ Bank upgraded shares of ThyssenKrupp from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

ThyssenKrupp Stock Up 0.5%

The stock's fifty day moving average is $11.90 and its two-hundred day moving average is $11.14. The company has a market capitalization of $9.20 billion, a PE ratio of -10.41 and a beta of 1.26. The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate 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 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.

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