Knorr-Bremse (OTCMKTS:KNRRY) Trading Down 7.1% – Here’s Why

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) were down 7.1% during mid-day trading on Friday . The company traded as low as $29.51 and last traded at $29.51. 169 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 17,094 shares. The stock had previously closed at $31.75.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Morgan Stanley restated an “overweight” rating on shares of Knorr-Bremse in a research note on Tuesday, June 23rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Knorr-Bremse Stock Performance

The company’s 50-day moving average price is $29.39 and its 200-day moving average price is $29.73. The firm has a market capitalization of $19.12 billion and a PE ratio of 29.96.

Knorr-Bremse (OTCMKTS:KNRRY) last posted 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 business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Knorr-Bremse had a net margin of 7.08% and a return on equity of 17.17%. As a group, analysts anticipate that Knorr-Bremse – Unsponsored ADR will post 1.63 earnings per share for the current year.

About Knorr-Bremse

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.