Knorr-Bremse (OTCMKTS:KNRRY) Reaches New 12-Month High - Still a Buy?

Key Points

• Knorr-Bremse's stock reached a new 52-week high of $26.65 during trading, increasing from a previous close of $25.56.
• Equity analysts have mixed ratings on the stock, with Barclays maintaining an "underweight" rating and Citigroup a "neutral" rating.
• The company's stock has experienced a 5.4% increase, with a 50-day moving average of $24.69 and a 200-day average of $23.33.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $26.65 and last traded at $26.65, with a volume of 101 shares. The stock had previously closed at $25.56.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KNRRY. Citigroup reiterated a "neutral" rating on shares of Knorr-Bremse in a report on Tuesday, August 5th. Barclays reiterated an "underweight" rating on shares of Knorr-Bremse in a report on Thursday, July 10th.

Knorr-Bremse Stock Down 0.9%

The company has a 50 day simple moving average of $24.78 and a 200-day simple moving average of $23.57.

About Knorr-Bremse

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.