Knorr-Bremse (OTCMKTS:KNRRY) Hits New 1-Year High – Here’s Why

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) hit a new 52-week high during trading on Thursday . The company traded as high as $32.64 and last traded at $32.55, with a volume of 1000 shares trading hands. The stock had previously closed at $31.35.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. DZ Bank downgraded shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Barclays reissued an “underweight” rating on shares of Knorr-Bremse in a research note on Wednesday, December 3rd. Zacks Research cut Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Knorr-Bremse from a “hold” rating to a “buy” rating in a report on Monday, December 8th. Finally, Morgan Stanley upgraded Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Knorr-Bremse Price Performance

The company has a 50-day simple moving average of $29.08 and a two-hundred day simple moving average of $26.20.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.