Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – What’s Next?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $30.55, but opened at $29.59. Knorr-Bremse shares last traded at $29.54, with a volume of 500 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Knorr-Bremse currently has an average rating of “Moderate Buy”.

View Our Latest Research Report on KNRRY

Knorr-Bremse Stock Up 0.6%

The business’s 50 day moving average is $29.60 and its two-hundred day moving average is $29.74. The firm has a market capitalization of $19.18 billion, a P/E ratio of 28.07, a PEG ratio of 1.05 and a beta of 0.31.

About Knorr-Bremse

(Get Free Report)

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.

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