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

Key Points

• Shares gapped up pre-market, opening at $9.45 after a $8.79 close and last trading at $9.48 on very light volume (562 shares).
• Analyst sentiment is mixed with a consensus rating of "Hold" (1 Strong Buy, 2 Buy, 2 Hold, 2 Sell), reflecting divergent views from firms like Jefferies, Barclays and Morgan Stanley.
• ThyssenKrupp recently missed quarterly estimates, reporting EPS of -$0.07 vs. $0.20 expected and revenue of $8.52B vs. $9.42B, and the stock trades below its 50- and 200-day moving averages (around $12) with a PE of 8.63.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $8.79, but opened at $9.45. ThyssenKrupp shares last traded at $9.48, with a volume of 562 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research downgraded ThyssenKrupp from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 24th. Barclays reaffirmed an "underweight" rating on shares of ThyssenKrupp in a research report on Monday, February 23rd. Jefferies Financial Group upgraded ThyssenKrupp from a "hold" rating to a "buy" rating in a research report on Friday, February 20th. Morgan Stanley reissued an "underweight" rating on shares of ThyssenKrupp in a research note on Tuesday, January 6th. Finally, Citigroup restated a "buy" rating on shares of ThyssenKrupp in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, ThyssenKrupp has a consensus rating of "Hold".

ThyssenKrupp Trading Up 0.1%

The company has a quick ratio of 1.01, a current ratio of 1.72 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $12.01 and its two-hundred day moving average is $12.49. The company has a market capitalization of $5.80 billion, a PE ratio of 8.63 and a beta of 1.00.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last announced its quarterly 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). The business had revenue of $8.52 billion during the quarter, compared to analysts' expectations of $9.42 billion. ThyssenKrupp had a return on equity of 9.08% and a net margin of 1.83%.

ThyssenKrupp Company Profile

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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