ThyssenKrupp (OTCMKTS:TKAMY) Shares Gap Up - What's Next?

Key Points

• ThyssenKrupp AG shares saw a significant gap up from $9.64 to $10.02 when the market opened, amidst a trading volume of 1,608 shares.
• Analyst firm DZ Bank downgraded ThyssenKrupp's rating from "hold" to "strong sell" just a day prior to the share price increase.
• In its latest quarterly earnings report, ThyssenKrupp posted earnings of $0.28 per share, exceeding analyst expectations of $0.23, along with revenues of $9.73 billion which also surpassed estimates.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $9.64, but opened at $10.02. ThyssenKrupp shares last traded at $10.02, with a volume of 1,608 shares changing hands.

Analysts Set New Price Targets

Separately, DZ Bank lowered ThyssenKrupp from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

ThyssenKrupp Stock Up 1.4%

The firm has a fifty day simple moving average of $11.35 and a 200-day simple moving average of $10.07. The company has a market capitalization of $6.39 billion, a P/E ratio of -7.23 and a beta of 1.26. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.05.

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