Knorr-Bremse (OTCMKTS:KNRRY) Sees Unusually-High Trading Volume – Here’s Why

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares saw strong trading volume on Friday. 165,739 shares traded hands during trading, an increase of 913% from the previous session’s volume of 16,360 shares. The stock last traded at $27.9101 and had previously closed at $27.59.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Zacks Research cut Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 30th. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Finally, 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 given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Knorr-Bremse Trading Up 1.0%

The stock’s 50 day moving average price is $29.60 and its two-hundred day moving average price is $29.49. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 0.92 and a beta of 0.38.

About Knorr-Bremse

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.