Daimler Truck (OTCMKTS:DTRUY) Sees Large Volume Increase – Time to Buy?

Shares of Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) saw unusually-strong trading volume on Wednesday . Approximately 268,119 shares were traded during trading, an increase of 1,034% from the previous session’s volume of 23,644 shares.The stock last traded at $23.92 and had previously closed at $23.5050.

Wall Street Analysts Forecast Growth

DTRUY has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a “neutral” rating on shares of Daimler Truck in a research report on Wednesday, January 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Daimler Truck in a report on Tuesday. Finally, Zacks Research downgraded shares of Daimler Truck from a “hold” rating to a “strong sell” rating in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Daimler Truck Price Performance

The business’s fifty day moving average is $21.62 and its two-hundred day moving average is $22.20.

Daimler Truck Company Profile

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.