Daimler Truck (OTCMKTS:DTRUY) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $23.85 and traded as high as $24.18. Daimler Truck shares last traded at $23.89, with a volume of 62,088 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on DTRUY. Morgan Stanley cut shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Kepler Capital Markets raised Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Daimler Truck in a report on Thursday, July 23rd. Zacks Research raised Daimler Truck from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Daimler Truck in a research report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Daimler Truck Trading Up 1.9%

The company has a current ratio of 1.70, a quick ratio of 1.33 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $23.85 and a 200-day moving average price of $24.70. The company has a market cap of $36.58 billion, a P/E ratio of 47.78 and a beta of 0.12.

Daimler Truck (OTCMKTS:DTRUY) last posted its quarterly earnings results on Friday, November 6th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.06). Daimler Truck had a return on equity of 6.04% and a net margin of 6.17%. The firm had revenue of $14.47 billion for the quarter, compared to the consensus estimate of $14.09 billion. Analysts forecast that Daimler Truck Holding AG – Sponsored ADR will post 2.00 earnings per share for the current fiscal year.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global manufacturer of commercial vehicles, including heavy- and medium-duty trucks and buses. Its brands include Mercedes-Benz Trucks, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses. The company also provides parts, maintenance, digital and connected-vehicle services, and financing solutions. Headquartered in Leinfelden-Echterdingen, Germany, Daimler Truck serves customers across Europe, North America, Latin America and Asia. Its business includes vehicles and services for a range of commercial uses, from freight transport to passenger transit.