Knorr-Bremse (OTCMKTS:KNRRY) Sets New 12-Month High – Here’s Why

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $27.16 and last traded at $27.16, with a volume of 1221 shares traded. The stock had previously closed at $26.56.

Analyst Ratings Changes

Several research analysts have recently issued reports on KNRRY shares. Deutsche Bank Aktiengesellschaft raised shares of Knorr-Bremse from a “hold” rating to a “buy” rating in a research note on Monday. UBS Group raised shares of Knorr-Bremse to a “strong-buy” rating in a report on Friday, October 31st. The Goldman Sachs Group upgraded shares of Knorr-Bremse to a “strong-buy” rating in a research report on Friday, November 28th. Morgan Stanley raised Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a research note on Monday. Finally, Zacks Research raised Knorr-Bremse from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Knorr-Bremse presently has an average rating of “Moderate Buy”.

Knorr-Bremse Stock Performance

The company has a 50 day moving average of $24.17 and a 200 day moving average of $24.67.

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.