Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – Should You Sell?

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) gapped down before the market opened on Wednesday . The stock had previously closed at $26.4450, but opened at $25.5999. Knorr-Bremse shares last traded at $25.5699, with a volume of 1,113 shares.

Analysts Set New Price Targets

KNRRY has been the topic of several research reports. UBS Group upgraded Knorr-Bremse to a “strong-buy” rating in a research note on Friday, October 31st. Barclays restated an “underweight” rating on shares of Knorr-Bremse in a research report on Wednesday. The Goldman Sachs Group upgraded Knorr-Bremse to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research downgraded shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Knorr-Bremse in a research note on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Knorr-Bremse Price Performance

The company has a 50 day moving average of $23.91 and a 200 day moving average of $24.63.

Knorr-Bremse Company Profile

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.