Traton (OTCMKTS:TRATF) Trading Up 3.7% – Should You Buy?

Traton SE (OTCMKTS:TRATF)’s stock price traded up 3.7% during mid-day trading on Friday . The stock traded as high as $36.2050 and last traded at $35.72. 900 shares changed hands during mid-day trading, an increase of 58% from the average session volume of 570 shares. The stock had previously closed at $34.44.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group restated a “neutral” rating on shares of Traton in a research report on Wednesday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Traton Trading Up 3.7%

The stock’s 50 day simple moving average is $33.05 and its two-hundred day simple moving average is $33.89.

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.