Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – Still a Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRYGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $28.76, but opened at $30.21. Knorr-Bremse shares last traded at $30.21, with a volume of 603 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on KNRRY shares. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a research report on Tuesday, June 23rd. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Knorr-Bremse

Knorr-Bremse Price Performance

The company’s 50 day simple moving average is $29.50 and its 200 day simple moving average is $29.77. The company has a market capitalization of $19.48 billion and a PE ratio of 28.50.

Knorr-Bremse Company Profile

(Get Free Report)

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.

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