Traton (OTCMKTS:TRATF) Shares Up 1.6% – Time to Buy?

Traton SE (OTCMKTS:TRATF)’s stock price traded up 1.6% on Thursday . The stock traded as high as $39.30 and last traded at $39.30. 175 shares were traded during trading, a decline of 78% from the average session volume of 789 shares. The stock had previously closed at $38.70.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Citigroup restated a “neutral” rating on shares of Traton in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Traton in a report on Thursday, February 19th. One 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. According to data from MarketBeat, the stock has an average rating of “Hold”.

Traton Price Performance

The stock has a 50 day moving average of $37.83 and a 200 day moving average of $37.07.

About Traton

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.