Knorr-Bremse (OTCMKTS:KNRRY) Issues Quarterly Earnings Results

Knorr-Bremse (OTCMKTS:KNRRY) released its earnings results on Thursday. The company reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31, Zacks reports. Knorr-Bremse had a net margin of 7.37% and a return on equity of 18.30%.

Knorr-Bremse Trading Down 6.2%

OTCMKTS:KNRRY traded down $1.64 during trading hours on Thursday, hitting $24.89. The company had a trading volume of 20,147 shares, compared to its average volume of 20,039. Knorr-Bremse has a 1 year low of $22.62 and a 1 year high of $33.96. The company has a 50-day moving average of $29.01 and a 200 day moving average of $29.53. The company has a market cap of $16.05 billion, a P/E ratio of 23.49, a P/E/G ratio of 0.88 and a beta of 0.38.

Analyst Ratings Changes

KNRRY has been the topic of several analyst reports. Zacks Research lowered Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 30th. Citigroup restated a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Knorr-Bremse

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.