Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – Here’s What Happened

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY)’s stock price gapped down prior to trading on Friday. The stock had previously closed at $28.48, but opened at $27.50. Knorr-Bremse shares last traded at $27.67, with a volume of 1,639 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on KNRRY shares. Zacks Research lowered shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Knorr-Bremse in a research report on Tuesday, June 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Knorr-Bremse presently has an average rating of “Hold”.

Knorr-Bremse Stock Performance

The firm has a market capitalization of $17.92 billion, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 0.95 and a beta of 0.38. The business’s 50 day moving average is $29.87 and its 200-day moving average is $29.50.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and control systems for rail vehicles and commercial vehicles. The company develops safety-critical technologies designed to improve vehicle control, operational efficiency and passenger or driver safety.

Its Rail Vehicle Systems division supplies braking systems, doors, entrance systems, climate-control equipment and other components for high-speed trains, regional and commuter trains, metros, trams and locomotives. Its Commercial Vehicle Systems division provides braking systems, air-supply equipment, steering and driver-assistance technologies, and related control systems for trucks, buses, trailers and other commercial vehicles.

Founded in 1905 by Georg Knorr, the company serves transportation manufacturers, fleet operators and rail customers in markets around the world.