Traton (OTCMKTS:TRATF) Shares Down 2.1% – Here’s Why

Traton SE (OTCMKTS:TRATF)’s stock price was down 2.1% on Friday . The company traded as low as $45.11 and last traded at $45.11. 280 shares traded hands during trading, a decline of 60% from the average session volume of 708 shares. The stock had previously closed at $46.07.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “neutral” rating on shares of Traton in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Traton Price Performance

The stock has a 50-day moving average of $39.87 and a two-hundred day moving average of $38.73.

Traton Company Profile

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.