Traton (OTCMKTS:TRATF) Shares Down 1.7% – Here’s What Happened

Shares of Traton SE (OTCMKTS:TRATF) traded down 1.7% on Wednesday. The company traded as low as $37.28 and last traded at $37.28. 580 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 608 shares. The stock had previously closed at $37.93.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on TRATF shares. Morgan Stanley reissued an “underweight” rating on shares of Traton in a research report on Friday, September 4th. Citigroup reaffirmed a “neutral” rating on shares of Traton in a research note on Thursday, July 23rd. Finally, UBS Group lowered Traton from a “buy” rating to a “neutral” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Traton currently has a consensus rating of “Hold”.

Traton Price Performance

The business’s fifty day simple moving average is $41.88 and its 200 day simple moving average is $39.52.

Traton Company Profile

TRATON SE is a commercial vehicle manufacturer and a subsidiary of Volkswagen AG. Formerly known as Volkswagen Truck & Bus, the company was established as a holding group for Volkswagen’s commercial vehicle businesses and adopted the TRATON name in 2018. Its shares trade on the Frankfurt Stock Exchange, while American depositary shares are quoted over the counter in the United States.

Through its brands Scania, MAN, International and Volkswagen Truck & Bus, TRATON develops and sells heavy-duty and medium-duty trucks, buses and coaches.