Knorr-Bremse (ETR:KBX) Trading Down 2.4% – Here’s What Happened

Knorr-Bremse AG (ETR:KBX)’s share price traded down 2.4% during mid-day trading on Thursday . The stock traded as low as €102.70 and last traded at €103.10. 204,089 shares traded hands during trading, The stock had previously closed at €105.60.

Knorr-Bremse Stock Down 4.0%

The firm has a market cap of $16.33 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 16.71 and a beta of 1.12. The firm’s 50 day moving average is €103.38 and its two-hundred day moving average is €91.72. The company has a current ratio of 1.84, a quick ratio of 1.10 and a debt-to-equity ratio of 103.33.

About Knorr-Bremse

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.