Knorr-Bremse (OTCMKTS:KNRRY) Sees Strong Trading Volume – What’s Next?

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw unusually-high trading volume on Thursday . Approximately 18,018 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 15,320 shares.The stock last traded at $27.98 and had previously closed at $27.69.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup raised shares of Knorr-Bremse from a “neutral” rating to a “buy” rating in a report on Tuesday, May 19th. UBS Group reissued a “buy” rating on shares of Knorr-Bremse in a report on Monday, February 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Knorr-Bremse in a report on Wednesday, February 25th. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Knorr-Bremse Stock Up 2.4%

The firm’s fifty day moving average price is $29.49 and its 200 day moving average price is $29.15. The stock has a market cap of $18.97 billion and a PE ratio of 105.09.

Knorr-Bremse (OTCMKTS:KNRRY) last released its earnings results on Thursday, May 7th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.30 billion. As a group, analysts anticipate that Knorr-Bremse – Unsponsored ADR will post 1.13 earnings per share for the current fiscal year.

Knorr-Bremse Company Profile

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.