Daimler Truck (OTCMKTS:DTRUY) Shares Gap Up – Time to Buy?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) shares gapped up prior to trading on Thursday . The stock had previously closed at $24.6515, but opened at $26.15. Daimler Truck shares last traded at $26.41, with a volume of 1,030 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DTRUY shares. Barclays upgraded shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research note on Tuesday, July 7th. Zacks Research cut shares of Daimler Truck from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Kepler Capital Markets upgraded shares of Daimler Truck from a “reduce” rating to a “buy” rating in a research report on Tuesday. Citigroup restated a “buy” rating on shares of Daimler Truck in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Daimler Truck in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Daimler Truck Trading Up 0.1%

The stock’s 50-day simple moving average is $24.13 and its 200-day simple moving average is $24.45.

Daimler Truck Company Profile

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.