Daimler Truck (OTCMKTS:DTRUY) Shares Gap Down – Should You Sell?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) gapped down before the market opened on Friday . The stock had previously closed at $25.58, but opened at $23.96. Daimler Truck shares last traded at $24.0270, with a volume of 4,038 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Citigroup restated a “buy” rating on shares of Daimler Truck in a report on Wednesday, February 11th. Morgan Stanley restated an “overweight” rating on shares of Daimler Truck in a report on Tuesday, January 13th. DZ Bank upgraded Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Zacks Research cut Daimler Truck from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Kepler Capital Markets cut Daimler Truck from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Daimler Truck Price Performance

The business has a 50 day simple moving average of $24.74 and a two-hundred day simple moving average of $23.31.

About Daimler Truck

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.