Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down - Should You Sell?

Key Points

• Knorr-Bremse shares gapped down from a previous close of $23.93 to open at $23.11, reflecting a **3.0% decrease** in value.
• Analysts have given mixed ratings on the stock, with **one Buy rating**, **two Hold ratings**, and **one Sell rating**, resulting in an average rating of **"Hold."**
• The company focuses on developing systems for **rail and commercial vehicles**, including braking systems and smart services for optimizing rail traffic.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $23.93, but opened at $23.11. Knorr-Bremse shares last traded at $23.11, with a volume of 404 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KNRRY shares. Citigroup reissued a "neutral" rating on shares of Knorr-Bremse in a research note on Tuesday, August 5th. Barclays reissued an "underweight" rating on shares of Knorr-Bremse in a research report on Thursday, July 10th. Finally, Zacks Research cut Knorr-Bremse from a "strong-buy" rating to a "hold" rating in a report on Friday, August 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold".

Knorr-Bremse Stock Down 3.0%

The business has a 50 day simple moving average of $25.40 and a 200 day simple moving average of $24.51.

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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