Knorr-Bremse (OTCMKTS:KNRRY) Sees Large Volume Increase – Here’s Why

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw an uptick in trading volume on Monday. Approximately 68,915 shares were traded during mid-day trading, an increase of 289% from the previous session’s volume of 17,734 shares. The stock last traded at $27.34 and had previously closed at $27.67.

Analyst Ratings Changes

A number of research analysts recently issued reports on KNRRY shares. Morgan Stanley reiterated an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Finally, Zacks Research lowered shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Knorr-Bremse Trading Down 1.2%

The firm’s fifty day moving average price is $29.33 and its 200-day moving average price is $29.46. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 0.91 and a beta of 0.38.

About Knorr-Bremse

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.