Knorr-Bremse (OTCMKTS:KNRRY) Sees Large Volume Increase – Still a Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw unusually-high trading volume on Monday. Approximately 68,915 shares were traded during 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

KNRRY has been the subject of a number of recent research reports. Zacks Research downgraded shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 30th. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Knorr-Bremse currently has an average rating of “Hold”.

Knorr-Bremse Price Performance

The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 0.91 and a beta of 0.38. The stock has a 50 day moving average price of $29.33 and a two-hundred day moving average price of $29.46.

Knorr-Bremse Company Profile

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.