Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – Here’s What Happened

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares gapped down before the market opened on Monday . The stock had previously closed at $29.58, but opened at $28.52. Knorr-Bremse shares last traded at $28.52, with a volume of 632 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KNRRY. Morgan Stanley upgraded Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Zacks Research cut shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Barclays reaffirmed an “underweight” rating on shares of Knorr-Bremse in a report on Wednesday, December 3rd. Citigroup reissued a “neutral” rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. Finally, DZ Bank downgraded Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Knorr-Bremse Stock Performance

The company’s fifty day simple moving average is $30.35 and its two-hundred day simple moving average is $26.86.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.