Daimler Truck (OTCMKTS:DTRUY) Sees Large Volume Increase – Should You Buy?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUYGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 289,726 shares traded hands during mid-day trading, an increase of 341% from the previous session’s volume of 65,647 shares.The stock last traded at $24.25 and had previously closed at $23.57.

Wall Street Analyst Weigh In

Several research firms have recently commented on DTRUY. Citigroup reissued a “buy” rating on shares of Daimler Truck in a research report on Wednesday, February 11th. Morgan Stanley reiterated an “overweight” rating on shares of Daimler Truck in a research report on Tuesday, January 13th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Daimler Truck in a research report on Wednesday, January 7th. Zacks Research upgraded shares of Daimler Truck from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Daimler Truck in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on DTRUY

Daimler Truck Stock Up 2.7%

The firm’s 50 day moving average price is $24.47 and its two-hundred day moving average price is $22.43.

Daimler Truck Company Profile

(Get Free Report)

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.

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