Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – Still a Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $29.05, but opened at $29.86. Knorr-Bremse shares last traded at $29.74, with a volume of 1,972 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KNRRY shares. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Morgan Stanley reiterated an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Knorr-Bremse Stock Up 3.2%

The company has a market capitalization of $19.32 billion, a P/E ratio of 28.27, a PEG ratio of 1.01 and a beta of 0.31. The business has a 50 day simple moving average of $29.68 and a 200-day simple moving average of $29.58.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. Founded in 1905 by Georg Knorr, the company has developed into an international supplier serving original-equipment manufacturers, rail operators and fleet customers.

Its rail vehicle business provides braking systems, doors, HVAC and other onboard systems, as well as control and service solutions for trains, metros, trams and other rail applications. Its commercial vehicle business supplies braking, steering, driver-assistance, vehicle-control and air-treatment systems for trucks, buses, trailers and other heavy-duty vehicles.

Knorr-Bremse operates across major transportation markets in Europe, North America, Asia and other regions, supporting customers through manufacturing, engineering, aftermarket services and maintenance activities.