Knorr-Bremse (OTCMKTS:KNRRY) Sets New 52-Week High – What’s Next?

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.66 and last traded at $29.50, with a volume of 1084 shares trading hands. The stock had previously closed at $29.13.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KNRRY. UBS Group raised shares of Knorr-Bremse to a “strong-buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group raised shares of Knorr-Bremse to a “strong-buy” rating in a research note on Friday, November 28th. DZ Bank cut shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Knorr-Bremse from a “hold” rating to a “buy” rating in a research note on Monday, December 8th. Finally, Barclays restated an “underweight” rating on shares of Knorr-Bremse in a research note on Wednesday, December 3rd. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Knorr-Bremse Stock Down 1.8%

The business’s fifty day simple moving average is $27.64 and its 200 day simple moving average is $25.60.

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.