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

Key Points

• ThyssenKrupp AG's shares opened higher at $13.71, following a previous close of $13.27, indicating momentum before the market opened.
• Analysts upgraded the stock's rating from a "strong sell" to a "hold," contributing to a consensus rating of "Hold" among analysts.
• The company reported Q2 earnings of $0.28 EPS, surpassing expectations of $0.23, and revenues of $9.73 billion, exceeding forecasts of $8.62 billion.

Shares of ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $13.27, but opened at $13.71. ThyssenKrupp shares last traded at $13.66, with a volume of 3,134 shares trading hands.

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 research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, ThyssenKrupp has a consensus rating of "Hold".

ThyssenKrupp Trading Up 3.8%

The company has a current ratio of 1.73, a quick ratio of 1.09 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $11.72 and a two-hundred day moving average of $10.93. The company has a market capitalization of $8.57 billion, a PE ratio of -9.70 and a beta of 1.32.

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

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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