Stadler Rail (OTCMKTS:SRAIF) Shares Up 37.5% – Here’s Why

Shares of Stadler Rail AG (OTCMKTS:SRAIF) rose 37.5% during trading on Monday. The stock traded as high as $39.20 and last traded at $39.20. Approximately 190 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 373 shares. The stock had previously closed at $28.50.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating on shares of Stadler Rail in a report on Thursday, August 27th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Stadler Rail Price Performance

The company’s 50-day moving average is $29.11 and its 200-day moving average is $27.52.

About Stadler Rail

Stadler Rail is a Swiss manufacturer of railway rolling stock headquartered in Bussnang, Switzerland. Founded by engineer Ernst Stadler in 1942, the company has grown from a small engineering business into an international rail-industry supplier.

Its products include regional and commuter trains, high-speed and intercity trains, metro vehicles, trams, locomotives, and passenger coaches. Stadler is known for models such as the FLIRT and KISS train families, and it also develops vehicles for specialized needs, including rack-and-pinion railways.

In addition to manufacturing, Stadler provides services such as vehicle maintenance, repairs, modernization, and signaling solutions.