Traton (OTCMKTS:TRATF) Shares Up 3.2% – Still a Buy?

Shares of Traton SE (OTCMKTS:TRATF) shot up 3.2% on Thursday . The company traded as high as $38.3944 and last traded at $38.3944. 200 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 837 shares. The stock had previously closed at $37.2165.

Analyst Upgrades and Downgrades

TRATF has been the topic of a number of recent research reports. Citigroup reissued a “neutral” rating on shares of Traton in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Traton in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Traton Stock Performance

The business has a 50-day moving average price of $36.52 and a 200-day moving average price of $35.97.

About Traton

Traton SE (OTCMKTS: TRATF) is a leading global commercial vehicle manufacturer headquartered in Munich, Germany. As a subsidiary of Volkswagen AG, Traton brings together a portfolio of well-known brands, including MAN, Scania and Navistar, to design, produce and distribute trucks, buses, vans and related powertrain solutions. The company’s product range spans from light- and heavy-duty trucks to urban and intercity buses, complemented by engines for marine and industrial applications.

Established in 2015 under the name Volkswagen Truck & Bus, the business was rebranded as Traton SE in 2018 to reflect its independent corporate identity and strategic focus on mobility solutions.