Knorr-Bremse (OTCMKTS:KNRRY) Sees Unusually-High Trading Volume – Still a Buy?

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares saw strong trading volume on Thursday . 105,621 shares changed hands during trading, an increase of 601% from the previous session’s volume of 15,067 shares.The stock last traded at $30.3599 and had previously closed at $30.19.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KNRRY shares. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a research report on Monday, February 23rd. Zacks Research downgraded shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Citigroup reiterated a “neutral” rating on shares of Knorr-Bremse in a report on Wednesday, February 25th. DZ Bank cut Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Knorr-Bremse has a consensus rating of “Hold”.

Knorr-Bremse Price Performance

The business’s fifty day moving average is $29.43 and its 200-day moving average is $28.34.

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