Knorr-Bremse (OTCMKTS:KNRRY) Sees Strong Trading Volume - Here's Why

Key Points

• Knorr-Bremse’s trading volume rose sharply: About 32,372 shares traded at midday, 61% above the average daily volume. The stock was last at $24.71, down from its prior close of $24.94.
• Analyst sentiment is mixed: Zacks Research downgraded the stock to “strong sell,” while Citigroup reiterated a “buy” rating. Overall, analysts’ consensus rating remains “Hold.”
• Quarterly results met profit expectations but missed revenue forecasts: Knorr-Bremse reported earnings of $0.31 per share, matching estimates, while revenue of $2.28 billion fell short of the expected $2.38 billion.

Knorr-Bremse - Unsponsored ADR (OTCMKTS:KNRRY - Get Free Report) saw unusually-high trading volume on Friday. Approximately 32,372 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 20,117 shares. The stock last traded at $24.71 and had previously closed at $24.94.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on KNRRY shares. Zacks Research lowered shares of Knorr-Bremse from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 30th. Citigroup reiterated a "buy" rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Knorr-Bremse Trading Up 0.9%

The firm has a market capitalization of $16.22 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 0.87 and a beta of 0.38. The firm has a 50-day moving average of $28.93 and a two-hundred day moving average of $29.51.

Knorr-Bremse (OTCMKTS:KNRRY - Get Free Report) last posted its earnings results on Thursday, October 29th. The company reported $0.31 EPS for the quarter, hitting analysts' consensus estimates of $0.31. The business had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.38 billion. Knorr-Bremse had a net margin of 7.37% and a return on equity of 18.30%. Equities research analysts expect that Knorr-Bremse - Unsponsored ADR will post 1.20 earnings per share for the current fiscal year.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.

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