Knorr-Bremse (ETR:KBX) Shares Down 2.6% – Here’s Why

Shares of Knorr-Bremse AG (ETR:KBXGet Free Report) dropped 2.6% on Thursday . The company traded as low as €101.90 and last traded at €102.40. 104,099 shares were traded during trading, The stock had previously closed at €105.10.

Knorr-Bremse Price Performance

The stock has a fifty day moving average of €103.42 and a 200-day moving average of €102.53. The firm has a market capitalization of $16.89 billion, a P/E ratio of 27.69, a PEG ratio of 16.71 and a beta of 1.11. The company has a quick ratio of 1.10, a current ratio of 1.63 and a debt-to-equity ratio of 99.69.

Knorr-Bremse Company Profile

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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.

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