Daimler Truck (OTCMKTS:DTRUY) Shares Down 0.9% - Time to Sell?

Key Points

• Daimler Truck Holding AG shares fell 0.9% to close at $22.09, with a trading volume increase of 6% from the average.
• Analysts have given Daimler Truck a consensus rating of "Hold", with two analysts rating it a Buy and one a Sell.
• The company recently approved a share repurchase program, indicating that its board believes the shares may be undervalued.

Shares of Daimler Truck Holding AG - Sponsored ADR (OTCMKTS:DTRUY - Get Free Report) were down 0.9% during trading on Tuesday . The company traded as low as $21.91 and last traded at $22.09. Approximately 20,259 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 19,148 shares. The stock had previously closed at $22.30.

Analysts Set New Price Targets

A number of analysts have commented on DTRUY shares. Zacks Research upgraded shares of Daimler Truck to a "hold" rating in a 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Daimler Truck Stock Down 0.4%

The firm's 50 day moving average price is $23.68 and its two-hundred day moving average price is $22.06.

Daimler Truck announced that its board has authorized a stock repurchase plan on Monday, July 7th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

About Daimler Truck

Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.