ThyssenKrupp (OTCMKTS:TKAMY) Trading 3.5% Higher - Time to Buy?

Key Points

• ThyssenKrupp's share price rose by 3.5% to trade at $14.74, although the trading volume dipped significantly to 5,719 shares, a 94% decline from its average session volume.
• DZ Bank upgraded ThyssenKrupp's rating from "strong sell" to "hold", with current analyst ratings indicating a mix of Strong Buy, Hold, and Sell assessments.
• The company reported a quarterly earnings surprise, with earnings per share (EPS) of $0.28, surpassing estimates of $0.23, and generating revenue of $9.73 billion against an expected $8.62 billion.

ThyssenKrupp AG Sponsored ADR (OTCMKTS:TKAMY - Get Free Report)'s share price traded up 3.5% during trading on Friday . The stock traded as high as $14.74 and last traded at $14.74. 5,719 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 93,084 shares. The stock had previously closed at $14.24.

Analyst Ratings Changes

Separately, DZ Bank raised ThyssenKrupp from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

ThyssenKrupp Stock Up 0.6%

The company has a market cap of $8.91 billion, a price-to-earnings ratio of -10.08 and a beta of 1.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.09 and a current ratio of 1.73. The business has a 50-day simple moving average of $12.48 and a 200-day simple moving average of $11.38.

ThyssenKrupp (OTCMKTS:TKAMY - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $9.73 billion for 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.

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