Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Down – Here’s What Happened

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares gapped down before the market opened on Thursday . The stock had previously closed at $31.75, but opened at $29.40. Knorr-Bremse shares last traded at $29.37, with a volume of 1,608 shares.

Analyst Ratings Changes

A number of research firms have weighed in on KNRRY. Citigroup reaffirmed a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Morgan Stanley reissued an “overweight” rating on shares of Knorr-Bremse in a report on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Knorr-Bremse Stock Down 0.9%

The company’s 50-day moving average is $29.41 and its two-hundred day moving average is $29.73. The company has a market capitalization of $19.16 billion and a P/E ratio of 30.01.

Knorr-Bremse (OTCMKTS:KNRRY) last announced its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). Knorr-Bremse had a net margin of 7.08% and a return on equity of 17.17%. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.30 billion. On average, sell-side analysts predict that Knorr-Bremse – Unsponsored ADR will post 1.63 EPS 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.