Knorr-Bremse (OTCMKTS:KNRRY) Sees Strong Trading Volume – Here’s What Happened

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw unusually-strong trading volume on Thursday . Approximately 105,621 shares were traded during trading, an increase of 601% from the previous session’s volume of 15,067 shares.The stock last traded at $30.3599 and had previously closed at $30.19.

Analysts Set New Price Targets

Several research analysts have recently weighed in on KNRRY shares. Citigroup reissued a “neutral” rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a report on Monday, February 23rd. Zacks Research cut Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Knorr-Bremse in a research note on Wednesday, February 25th. Finally, DZ Bank cut Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Knorr-Bremse Stock Up 0.1%

The business’s 50-day moving average is $29.43 and its two-hundred day moving average is $28.34.

Knorr-Bremse (OTCMKTS:KNRRY) last posted its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.30 billion. As a group, equities analysts predict that Knorr-Bremse – Unsponsored ADR will post 1.13 EPS for the current year.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.