Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – Should You Sell?

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $28.48, but opened at $27.50. Knorr-Bremse shares last traded at $27.67, with a volume of 1,639 shares.

Analysts Set New Price Targets

Several equities analysts have issued reports on KNRRY shares. Zacks Research lowered Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Wednesday. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Finally, Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Check Out Our Latest Report on Knorr-Bremse

Knorr-Bremse Stock Performance

The firm has a market cap of $17.92 billion, a P/E ratio of 26.22, a P/E/G ratio of 0.95 and a beta of 0.38. The company’s 50 day moving average is $29.87 and its 200 day moving average is $29.50.

About Knorr-Bremse

(Get Free Report)

Knorr-Bremse AG is a Germany-based manufacturer of braking and control systems for rail vehicles and commercial vehicles. The company develops safety-critical technologies designed to improve vehicle control, operational efficiency and passenger or driver safety.

Its Rail Vehicle Systems division supplies braking systems, doors, entrance systems, climate-control equipment and other components for high-speed trains, regional and commuter trains, metros, trams and locomotives. Its Commercial Vehicle Systems division provides braking systems, air-supply equipment, steering and driver-assistance technologies, and related control systems for trucks, buses, trailers and other commercial vehicles.

Founded in 1905 by Georg Knorr, the company serves transportation manufacturers, fleet operators and rail customers in markets around the world.

Further Reading

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