Knorr-Bremse (OTCMKTS:KNRRY) Shares Up 0% – Time to Buy?

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shot up 0% during mid-day trading on Monday . The company traded as high as $23.57 and last traded at $23.56. 7,022 shares were traded during trading, a decline of 28% from the average session volume of 9,760 shares. The stock had previously closed at $23.55.

Analyst Ratings Changes

A number of brokerages have issued reports on KNRRY. Barclays reissued an “underweight” rating on shares of Knorr-Bremse in a report on Thursday, July 10th. Citigroup reissued a “neutral” rating on shares of Knorr-Bremse in a report on Tuesday, August 5th. Finally, Zacks Research cut shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Friday, August 29th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Knorr-Bremse currently has a consensus rating of “Hold”.

Knorr-Bremse Price Performance

The firm’s fifty day moving average price is $24.32 and its two-hundred day moving average price is $24.54.

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.