Knorr-Bremse (ETR:KBX) Trading Down 2.4% – What’s Next?

Knorr-Bremse AG (ETR:KBX) shares dropped 2.4% during mid-day trading on Thursday . The stock traded as low as €102.70 and last traded at €103.10. Approximately 204,089 shares traded hands during trading, The stock had previously closed at €105.60.

Knorr-Bremse Price Performance

The company’s 50 day simple moving average is €103.22 and its 200 day simple moving average is €91.63. The company has a current ratio of 1.84, a quick ratio of 1.10 and a debt-to-equity ratio of 103.33. The stock has a market capitalization of $17.00 billion, a PE ratio of 27.88, a PEG ratio of 16.71 and a beta of 1.12.

Knorr-Bremse Company Profile

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.