Daimler Truck (OTCMKTS:DTRUY) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY)’s share price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $23.85 and traded as high as $24.18. Daimler Truck shares last traded at $23.89, with a volume of 62,088 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have commented on DTRUY shares. Citigroup restated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, August 12th. Zacks Research upgraded shares of Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Deutsche Bank reiterated a “buy” rating on shares of Daimler Truck in a research note on Thursday, July 23rd. Morgan Stanley downgraded shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a report on Friday, September 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Daimler Truck in a report on Thursday, August 13th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy”.

Daimler Truck Price Performance

The company has a quick ratio of 1.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.82. The company has a market cap of $35.79 billion, a price-to-earnings ratio of 32.46 and a beta of 0.12. The company has a fifty day simple moving average of $23.73 and a two-hundred day simple moving average of $24.69.

Daimler Truck (OTCMKTS:DTRUY) last released its quarterly earnings results on Friday, November 6th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.06). Daimler Truck had a return on equity of 6.04% and a net margin of 6.17%. The firm had revenue of $14.47 billion for the quarter, compared to analyst estimates of $14.09 billion. On average, equities research analysts anticipate that Daimler Truck Holding AG – Sponsored ADR will post 1.98 earnings per share for the current fiscal year.

Daimler Truck Company Profile

Daimler Truck Holding AG is a global manufacturer of commercial vehicles, including heavy- and medium-duty trucks and buses. Its brands include Mercedes-Benz Trucks, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses. The company also provides parts, maintenance, digital and connected-vehicle services, and financing solutions. Headquartered in Leinfelden-Echterdingen, Germany, Daimler Truck serves customers across Europe, North America, Latin America and Asia. Its business includes vehicles and services for a range of commercial uses, from freight transport to passenger transit.