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

Key Points

• ThyssenKrupp AG's stock experienced a significant gap up, opening at $14.73 after closing at $14.09, with recent trades at $14.65 and a volume of 1,304 shares.
• Analyst ratings for the company have shifted, with DZ Bank upgrading it from a "strong sell" to a "hold," contributing to a consensus rating of "hold" from analysts.
• The firm reported quarterly earnings of $0.28 per share, surpassing estimates and achieving a revenue of $9.73 billion, outperforming analyst predictions of $8.62 billion.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $14.09, but opened at $14.73. ThyssenKrupp shares last traded at $14.65, with a volume of 1,304 shares traded.

Analyst Upgrades and Downgrades

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

ThyssenKrupp Trading Up 4.4%

The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of -10.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.73 and a quick ratio of 1.09. The firm's 50-day simple moving average is $11.82 and its 200 day simple moving average is $11.08.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.