Knorr-Bremse (ETR:KBX) Shares Down 4% – Here’s Why

Knorr-Bremse AG (ETR:KBX) dropped 4% during mid-day trading on Thursday . The stock traded as low as €101.30 and last traded at €101.30. 171,608 shares traded hands during mid-day trading, The stock had previously closed at €105.50.

Knorr-Bremse Price Performance

The company has a debt-to-equity ratio of 97.26, a current ratio of 1.72 and a quick ratio of 1.10. The stock has a 50 day moving average price of €101.79 and a 200-day moving average price of €101.51. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 16.71 and a beta of 1.11.

Knorr-Bremse Company Profile

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.