Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – Here’s Why

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $26.4450, but opened at $25.5999. Knorr-Bremse shares last traded at $25.5699, with a volume of 1,113 shares traded.

Wall Street Analysts Forecast Growth

KNRRY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Knorr-Bremse to a “strong-buy” rating in a report on Friday, November 28th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Knorr-Bremse in a research note on Monday, November 3rd. Zacks Research cut shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Citigroup restated a “neutral” rating on shares of Knorr-Bremse in a report on Tuesday, August 5th. Finally, UBS Group upgraded Knorr-Bremse to a “strong-buy” rating in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Knorr-Bremse presently has an average rating of “Hold”.

Knorr-Bremse Trading Down 2.1%

The firm’s fifty day moving average is $23.80 and its two-hundred day moving average is $24.61.

About Knorr-Bremse

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.