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

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) gapped up prior to trading on Tuesday . The stock had previously closed at $29.05, but opened at $29.86. Knorr-Bremse shares last traded at $29.74, with a volume of 1,972 shares.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KNRRY shares. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Knorr-Bremse Stock Performance

The business’s 50 day moving average is $29.68 and its 200 day moving average is $29.58. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 1.01 and a beta of 0.31.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. Founded in 1905 by Georg Knorr, the company has developed into an international supplier serving original-equipment manufacturers, rail operators and fleet customers.

Its rail vehicle business provides braking systems, doors, HVAC and other onboard systems, as well as control and service solutions for trains, metros, trams and other rail applications. Its commercial vehicle business supplies braking, steering, driver-assistance, vehicle-control and air-treatment systems for trucks, buses, trailers and other heavy-duty vehicles.

Knorr-Bremse operates across major transportation markets in Europe, North America, Asia and other regions, supporting customers through manufacturing, engineering, aftermarket services and maintenance activities.