Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY – Get Free Report) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 10,679 shares, a drop of 81.4% from the July 15th total of 57,493 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 27,567 shares, the days-to-cover ratio is currently 0.4 days.
Knorr-Bremse Price Performance
Shares of KNRRY stock traded up $0.04 during trading hours on Friday, hitting $29.03. 13,351 shares of the company’s stock were exchanged, compared to its average volume of 16,997. The stock’s 50-day moving average is $29.45 and its 200-day moving average is $29.79. The stock has a market cap of $18.72 billion and a price-to-earnings ratio of 27.39. Knorr-Bremse has a 52 week low of $22.62 and a 52 week high of $33.96.
Wall Street Analysts Forecast Growth
A number of research firms have commented on KNRRY. Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a research report on Tuesday, June 23rd. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.
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.
See Also
- Five stocks we like better than Knorr-Bremse
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
- Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
- NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
- Sandisk’s Margins Look Like Software. Can They Last?
Receive News & Ratings for Knorr-Bremse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knorr-Bremse and related companies with MarketBeat.com's FREE daily email newsletter.
