Knorr-Bremse (OTCMKTS:KNRRY) Sees Large Volume Increase – Here’s What Happened

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares saw an uptick in trading volume on Thursday . 105,621 shares were traded during trading, an increase of 601% from the previous session’s volume of 15,067 shares.The stock last traded at $30.3599 and had previously closed at $30.19.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Monday, February 23rd. Citigroup restated a “neutral” rating on shares of Knorr-Bremse in a report on Wednesday, February 25th. Zacks Research downgraded Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Wednesday, February 25th. Finally, DZ Bank downgraded Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Knorr-Bremse has an average rating of “Hold”.

Knorr-Bremse Stock Down 2.1%

The firm’s 50 day simple moving average is $29.40 and its two-hundred day simple moving average is $28.40.

Knorr-Bremse (OTCMKTS:KNRRY) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.30 billion. Equities analysts expect that Knorr-Bremse – Unsponsored ADR will post 1.13 earnings per share for the current fiscal year.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.