Daimler Truck (OTCMKTS:DTRUY) Sees Unusually-High Trading Volume – Should You Buy?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) shares saw unusually-high trading volume on Wednesday . Approximately 268,119 shares traded hands during mid-day trading, an increase of 1,034% from the previous session’s volume of 23,644 shares.The stock last traded at $23.92 and had previously closed at $23.5050.

Analysts Set New Price Targets

A number of research firms have recently commented on DTRUY. The Goldman Sachs Group reissued a “neutral” rating on shares of Daimler Truck in a report on Wednesday, January 7th. Morgan Stanley reiterated an “overweight” rating on shares of Daimler Truck in a research report on Tuesday. Finally, Zacks Research lowered shares of Daimler Truck from a “hold” rating to a “strong sell” rating in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Daimler Truck Stock Down 1.0%

The business’s fifty day moving average is $21.86 and its 200-day moving average is $22.23.

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.