Daimler Truck (OTCMKTS:DTRUY) to Repurchase 0 Outstanding Stock

Daimler Truck (OTCMKTS:DTRUY) declared that its board has approved a stock repurchase program on Monday, July 7th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Daimler Truck Trading Up 1.5%

DTRUY opened at $24.57 on Thursday. The business’s fifty day moving average is $22.12 and its two-hundred day moving average is $21.07. Daimler Truck has a one year low of $16.31 and a one year high of $24.76.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup restated a “buy” rating on shares of Daimler Truck in a research note on Friday, May 16th. Sanford C. Bernstein initiated coverage on Daimler Truck in a report on Tuesday, April 1st. They issued an “underperform” rating on the stock.

Daimler Truck Company Profile

Daimler Truck Holding AG manufactures and sells commercial trucks. The company was founded in 2021 and is based in Stuttgart, Germany.