Daimler Truck (OTCMKTS:DTRUY) Sets New 1-Year High – Should You Buy?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.7450 and last traded at $26.69, with a volume of 1092 shares changing hands. The stock had previously closed at $26.09.

Analyst Ratings Changes

A number of brokerages recently commented on DTRUY. Zacks Research cut shares of Daimler Truck from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Citigroup restated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, July 1st. Barclays raised Daimler Truck from a “hold” rating to an “overweight” rating in a research note on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a report on Thursday. Finally, Kepler Capital Markets raised Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Daimler Truck Stock Performance

The firm’s 50 day moving average price is $24.13 and its 200 day moving average price is $24.47.

About Daimler Truck

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.