Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – What’s Next?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY)’s stock price 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 Analysts Forecast Growth

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

Knorr-Bremse Price Performance

The stock has a 50 day moving average price of $29.69 and a 200-day moving average price of $29.53. The stock has a market capitalization of $19.05 billion, a P/E ratio of 27.87, a PEG ratio of 1.03 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.