Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – Here’s What Happened

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $31.75, but opened at $29.40. Knorr-Bremse shares last traded at $29.37, with a volume of 1,608 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KNRRY. Citigroup reaffirmed a “buy” rating on shares of Knorr-Bremse in a research report on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Knorr-Bremse Price Performance

The company has a market cap of $19.17 billion and a P/E ratio of 30.03. The stock has a fifty day moving average price of $29.38 and a two-hundred day moving average price of $29.72.

Knorr-Bremse (OTCMKTS:KNRRY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.01). Knorr-Bremse had a net margin of 7.08% and a return on equity of 17.17%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.30 billion. Equities analysts predict that Knorr-Bremse – Unsponsored ADR will post 1.63 earnings per share for the current fiscal year.

About Knorr-Bremse

Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.

The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.