Traton (OTCMKTS:TRATF) Trading Up 3.2% – Time to Buy?

Traton SE (OTCMKTS:TRATF) shares were up 3.2% on Thursday . The stock traded as high as $38.3944 and last traded at $38.3944. Approximately 200 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 837 shares. The stock had previously closed at $37.2165.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TRATF shares. Citigroup reiterated a “neutral” rating on shares of Traton in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Traton in a report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Traton Stock Performance

The business has a fifty day moving average price of $36.53 and a 200 day moving average price of $35.99.

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.