Shares of Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) saw an uptick in trading volume on Tuesday . 67,119 shares changed hands during trading, an increase of 114% from the previous session's volume of 31,316 shares.The stock last traded at $22.56 and had previously closed at $22.19.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on DTRUY. Zacks Research raised Daimler Truck to a "hold" rating in a research report on Friday, August 15th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Daimler Truck in a report on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on DTRUY
Daimler Truck Stock Performance
The stock has a 50 day simple moving average of $23.46 and a two-hundred day simple moving average of $22.04.
Daimler Truck announced that its board has approved a share buyback plan on Monday, July 7th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.
About Daimler Truck
(
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Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.
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