Knorr-Bremse (OTCMKTS:KNRRY) Stock Dropped to “Strong Sell” by Zacks Research

Knorr-Bremse (OTCMKTS:KNRRY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other research firms have also issued reports on KNRRY. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Knorr-Bremse Trading Down 1.6%

Shares of OTCMKTS KNRRY opened at $28.48 on Wednesday. The stock has a market cap of $18.36 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 0.95 and a beta of 0.38. The company has a 50 day simple moving average of $29.87 and a two-hundred day simple moving average of $29.50. Knorr-Bremse has a 12 month low of $22.62 and a 12 month high of $33.96.

About Knorr-Bremse

Knorr-Bremse AG is a Germany-based manufacturer of braking and control systems for rail vehicles and commercial vehicles. The company develops safety-critical technologies designed to improve vehicle control, operational efficiency and passenger or driver safety.

Its Rail Vehicle Systems division supplies braking systems, doors, entrance systems, climate-control equipment and other components for high-speed trains, regional and commuter trains, metros, trams and locomotives. Its Commercial Vehicle Systems division provides braking systems, air-supply equipment, steering and driver-assistance technologies, and related control systems for trucks, buses, trailers and other commercial vehicles.

Founded in 1905 by Georg Knorr, the company serves transportation manufacturers, fleet operators and rail customers in markets around the world.