Daimler Truck (OTCMKTS:DTRUY) Shares Gap Up – What’s Next?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) gapped up prior to trading on Tuesday. The stock had previously closed at $22.30, but opened at $24.1350. Daimler Truck shares last traded at $24.08, with a volume of 2,352 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DTRUY shares. Zacks Research raised Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Kepler Capital Markets upgraded Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley lowered Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Daimler Truck in a research note on Thursday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Daimler Truck Stock Performance

The company has a debt-to-equity ratio of 0.82, a current ratio of 1.70 and a quick ratio of 1.33. The company has a 50 day simple moving average of $23.91 and a 200-day simple moving average of $24.70. The stock has a market capitalization of $36.89 billion, a P/E ratio of 48.18 and a beta of 0.12.

Daimler Truck (OTCMKTS:DTRUY) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.06). Daimler Truck had a return on equity of 4.79% and a net margin of 5.87%. The firm had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $14.09 billion. On average, equities analysts forecast that Daimler Truck Holding AG – Sponsored ADR will post 2.00 EPS for the current year.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global manufacturer of commercial vehicles, including heavy- and medium-duty trucks and buses. Its brands include Mercedes-Benz Trucks, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses. The company also provides parts, maintenance, digital and connected-vehicle services, and financing solutions.

Headquartered in Leinfelden-Echterdingen, Germany, Daimler Truck serves customers across Europe, North America, Latin America and Asia. Its business includes vehicles and services for a range of commercial uses, from freight transport to passenger transit.

The company became an independent, publicly listed business in December 2021, following the separation of Daimler AG’s truck and bus operations.