Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – Still a Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $28.28, but opened at $29.5065. Knorr-Bremse shares last traded at $29.5065, with a volume of 1,499 shares changing hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup upgraded Knorr-Bremse from a “neutral” rating to a “buy” rating in a report on Tuesday, May 19th. Morgan Stanley reaffirmed an “overweight” rating on shares of Knorr-Bremse in a research report on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Knorr-Bremse Stock Performance

The stock has a 50-day simple moving average of $29.35 and a 200 day simple moving average of $29.46. The company has a market cap of $19.08 billion and a P/E ratio of 105.66.

Knorr-Bremse (OTCMKTS:KNRRY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The firm had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.30 billion. Sell-side analysts anticipate that Knorr-Bremse – Unsponsored ADR will post 1.13 earnings per share for the current fiscal year.

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.