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

Shares of Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) gapped up before the market opened on Tuesday . The stock had previously closed at $21.95, but opened at $23.2850. Daimler Truck shares last traded at $23.31, with a volume of 1,405 shares traded.

Wall Street Analyst Weigh In

Several research firms have issued reports on DTRUY. The Goldman Sachs Group reissued a “neutral” rating on shares of Daimler Truck in a research note on Wednesday. Zacks Research downgraded Daimler Truck from a “hold” rating to a “strong sell” rating in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Daimler Truck presently has a consensus rating of “Hold”.

Daimler Truck Stock Performance

The firm’s 50-day simple moving average is $21.35 and its 200 day simple moving average is $22.18.

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.