Traton (OTCMKTS:TRATF) Trading Down 6.1% – Here’s Why

Traton SE (OTCMKTS:TRATF) traded down 6.1% during mid-day trading on Tuesday . The stock traded as low as $36.70 and last traded at $36.70. 635 shares were traded during mid-day trading, a decline of 27% from the average session volume of 864 shares. The stock had previously closed at $39.0720.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TRATF shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Traton in a research report on Thursday, February 19th. The Goldman Sachs Group restated a “neutral” rating on shares of Traton in a research note on Wednesday, January 7th. Finally, Morgan Stanley lowered Traton to an “underweight” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Traton currently has a consensus rating of “Hold”.

Traton Price Performance

The business’s 50 day moving average is $38.20 and its 200 day moving average is $35.34.

Traton Company Profile

Traton SE (OTCMKTS: TRATF) is a leading global commercial vehicle manufacturer headquartered in Munich, Germany. As a subsidiary of Volkswagen AG, Traton brings together a portfolio of well-known brands, including MAN, Scania and Navistar, to design, produce and distribute trucks, buses, vans and related powertrain solutions. The company’s product range spans from light- and heavy-duty trucks to urban and intercity buses, complemented by engines for marine and industrial applications.

Established in 2015 under the name Volkswagen Truck & Bus, the business was rebranded as Traton SE in 2018 to reflect its independent corporate identity and strategic focus on mobility solutions.