Traton (OTCMKTS:TRATF) Trading Down 1.1% – What’s Next?

Traton SE (OTCMKTS:TRATF) shares dropped 1.1% during trading on Wednesday . The stock traded as low as $41.3529 and last traded at $41.3529. 293 shares traded hands during trading, a decline of 53% from the average daily volume of 629 shares. The stock had previously closed at $41.81.

Analyst Ratings Changes

A number of research firms have recently weighed in on TRATF. Morgan Stanley restated an “underweight” rating on shares of Traton in a report on Friday, September 4th. UBS Group lowered Traton from a “buy” rating to a “neutral” rating in a report on Friday, August 28th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Traton in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Traton Price Performance

The stock’s 50-day moving average price is $42.11 and its 200 day moving average price is $39.21.

About Traton

Traton SE (OTCMKTS: TRATF) is a leading global commercial vehicle manufacturer headquartered in Munich, Germany. As a subsidiary of Volkswagen AG, Traton brings together a portfolio of well-known brands, including MAN, Scania and Navistar, to design, produce and distribute trucks, buses, vans and related powertrain solutions. The company’s product range spans from light- and heavy-duty trucks to urban and intercity buses, complemented by engines for marine and industrial applications.

Established in 2015 under the name Volkswagen Truck & Bus, the business was rebranded as Traton SE in 2018 to reflect its independent corporate identity and strategic focus on mobility solutions.