Knorr-Bremse (OTCMKTS:KNRRY) Trading 2.6% Higher - Still a Buy?

Key Points

• Knorr-Bremse's stock price increased by 2.6% to $24.04, despite a trading volume decline of 28% from its average.
• Analyst ratings for the stock show mixed sentiment, with one "Buy," two "Hold," and one "Sell" rating, leading to an average rating of "Hold."
• The company operates in two segments: Rail Vehicle Systems and Commercial Vehicle Systems, focusing on braking and other systems for vehicles worldwide.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report)'s stock price traded up 2.6% during mid-day trading on Friday . The stock traded as high as $24.13 and last traded at $24.04. Approximately 5,789 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 8,035 shares. The stock had previously closed at $23.44.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KNRRY shares. Zacks Research lowered Knorr-Bremse from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 29th. Citigroup restated a "neutral" rating on shares of Knorr-Bremse in a research note on Tuesday, August 5th. Finally, Barclays reaffirmed an "underweight" rating on shares of Knorr-Bremse in a research note on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Knorr-Bremse Stock Performance

The business has a 50 day moving average of $25.10 and a two-hundred day moving average of $24.42.

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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