Knorr-Bremse (OTCMKTS:KNRRY) Shares Down 0.7% - Here's Why

Key Points

• Knorr-Bremse's stock price fell 0.7%, trading between $26.51 and $26.74, with trading volume down 47% from its average.
• Analyst reports include Barclays' restatement of an "underweight" rating and Citigroup's "neutral" rating.
• The company specializes in braking systems and other solutions for rail and commercial vehicles, operating in both Rail Vehicle Systems and Commercial Vehicle Systems segments.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report)'s stock price dropped 0.7% during trading on Thursday . The company traded as low as $26.51 and last traded at $26.56. Approximately 3,434 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 6,527 shares. The stock had previously closed at $26.74.

Analyst Upgrades and Downgrades

KNRRY has been the subject of a number of recent analyst reports. Barclays restated an "underweight" rating on shares of Knorr-Bremse in a research report on Thursday, July 10th. Citigroup restated a "neutral" rating on shares of Knorr-Bremse in a research report on Tuesday, August 5th.

Knorr-Bremse Price Performance

The stock's 50-day moving average is $24.86 and its 200 day moving average is $23.67.

Knorr-Bremse Company Profile

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.

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