Knorr-Bremse (OTCMKTS:KNRRY) Sees Strong Trading Volume – Time to Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw an uptick in trading volume on Monday. Approximately 68,915 shares were traded during mid-day trading, an increase of 289% from the previous session’s volume of 17,734 shares. The stock last traded at $27.34 and had previously closed at $27.67.

Analyst Ratings Changes

Several research firms have recently commented on KNRRY. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Zacks Research downgraded Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a research report on Tuesday, June 23rd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Knorr-Bremse Price Performance

The company has a 50-day moving average price of $29.26 and a 200-day moving average price of $29.44. The firm has a market capitalization of $17.76 billion, a PE ratio of 25.99, a P/E/G ratio of 0.90 and a beta of 0.38.

About Knorr-Bremse

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.