Knorr-Bremse (OTCMKTS:KNRRY) Reaches New 1-Year High – Here’s What Happened

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) reached a new 52-week high during trading on Monday . The company traded as high as $28.35 and last traded at $28.35, with a volume of 350 shares traded. The stock had previously closed at $27.83.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KNRRY. Morgan Stanley raised shares of Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Barclays reissued an “underweight” rating on shares of Knorr-Bremse in a report on Wednesday, December 3rd. UBS Group upgraded Knorr-Bremse to a “strong-buy” rating in a report on Friday, October 31st. Deutsche Bank Aktiengesellschaft upgraded Knorr-Bremse from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Finally, The Goldman Sachs Group raised Knorr-Bremse to a “strong-buy” rating in a report on Friday, November 28th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Knorr-Bremse Trading Up 1.0%

The stock’s 50-day simple moving average is $25.63 and its 200-day simple moving average is $24.99.

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.