ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up - Here's What Happened

Key Points

• ThyssenKrupp shares gapped up at the open to $10.2396 from a $9.8420 close, but trading was very light with only 117 shares exchanged.
• Analysts are split—two Buy, two Hold and two Sell—resulting in an average rating of "Hold".
• The company delivered an earnings and revenue miss, reporting EPS of ($0.07) versus $0.20 expected and revenue of $8.52B versus $9.42B expected.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $9.8420, but opened at $10.2396. ThyssenKrupp shares last traded at $10.2396, with a volume of 117 shares trading hands.

Wall Street Analysts Forecast Growth

TKAMY has been the topic of a number of research analyst reports. Morgan Stanley reissued an "underweight" rating on shares of ThyssenKrupp in a report on Tuesday, January 6th. Jefferies Financial Group raised ThyssenKrupp from a "hold" rating to a "buy" rating in a report on Friday, February 20th. Zacks Research cut ThyssenKrupp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Finally, Barclays reaffirmed an "underweight" rating on shares of ThyssenKrupp in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, ThyssenKrupp currently has an average rating of "Hold".

ThyssenKrupp Price Performance

The company has a current ratio of 1.72, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $11.11 and a 200 day simple moving average of $12.17. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 9.27 and a beta of 1.14.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.27). ThyssenKrupp had a net margin of 1.83% and a return on equity of 9.08%. The business had revenue of $8.52 billion for the quarter, compared to analysts' expectations of $9.42 billion.

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.

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