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

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) gapped up before the market opened on Friday . The stock had previously closed at $25.09, but opened at $26.47. Knorr-Bremse shares last traded at $26.49, with a volume of 2,048 shares.

Wall Street Analyst Weigh In

KNRRY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Knorr-Bremse in a research report on Monday, November 3rd. UBS Group raised shares of Knorr-Bremse to a “strong-buy” rating in a research note on Friday, October 31st. Citigroup reiterated a “neutral” rating on shares of Knorr-Bremse in a report on Tuesday, August 5th. Finally, Zacks Research cut Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Knorr-Bremse Stock Performance

The firm’s 50-day moving average is $23.71 and its 200 day moving average is $24.58.

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.