Daimler Truck (OTCMKTS:DTRUY) Sees Large Volume Increase – Still a Buy?

Shares of Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUYGet Free Report) saw an uptick in trading volume on Monday . 183,911 shares traded hands during mid-day trading, an increase of 140% from the previous session’s volume of 76,596 shares.The stock last traded at $23.3199 and had previously closed at $23.08.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DTRUY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Daimler Truck in a report on Thursday, February 19th. Zacks Research downgraded shares of Daimler Truck from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup reissued a “buy” rating on shares of Daimler Truck in a report on Friday, May 8th. Kepler Capital Markets lowered Daimler Truck from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, DZ Bank upgraded Daimler Truck from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on Daimler Truck

Daimler Truck Trading Up 0.6%

The stock’s 50-day simple moving average is $24.60 and its 200 day simple moving average is $23.44.

Daimler Truck Company Profile

(Get Free Report)

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.

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