Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – Time to Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY)’s share price gapped up prior to trading on Monday . The stock had previously closed at $28.76, but opened at $30.21. Knorr-Bremse shares last traded at $30.21, with a volume of 603 shares changing hands.

Wall Street Analysts Forecast Growth

KNRRY has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Five equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Knorr-Bremse Stock Up 0.8%

The business has a 50-day simple moving average of $29.51 and a two-hundred day simple moving average of $29.77. The stock has a market capitalization of $19.56 billion and a P/E ratio of 28.61.

About Knorr-Bremse

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.