Daimler Truck (OTCMKTS:DTRUY) Sees Large Volume Increase – Here’s What Happened

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) saw unusually-high trading volume on Monday . Approximately 994,461 shares changed hands during mid-day trading, an increase of 1,179% from the previous session’s volume of 77,726 shares.The stock last traded at $24.0240 and had previously closed at $22.87.

Analyst Ratings Changes

Several brokerages have weighed in on DTRUY. Morgan Stanley reiterated an “overweight” rating on shares of Daimler Truck in a research note on Tuesday, January 13th. DZ Bank raised Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a research report on Thursday, February 19th. Zacks Research upgraded shares of Daimler Truck from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 25th. Finally, Citigroup restated a “buy” rating on shares of Daimler Truck in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Daimler Truck Stock Performance

The business has a 50 day moving average price of $24.65 and a 200-day moving average price of $22.47.

Daimler Truck Company Profile

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.