Daimler Truck (OTCMKTS:DTRUY) Shares Gap Up – Still a Buy?

Shares of Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) gapped up before the market opened on Wednesday . The stock had previously closed at $23.29, but opened at $25.1120. Daimler Truck shares last traded at $25.20, with a volume of 2,592 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DTRUY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a report on Thursday, February 19th. DZ Bank upgraded Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Monday, March 16th. Citigroup reissued a “buy” rating on shares of Daimler Truck in a research report on Friday, May 8th. Kepler Capital Markets cut Daimler Truck from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Finally, Zacks Research cut Daimler Truck from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Daimler Truck has a consensus rating of “Moderate Buy”.

Daimler Truck Price Performance

The business has a 50-day moving average price of $24.48 and a 200 day moving average price of $23.60.

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.