Knorr-Bremse (OTCMKTS:KNRRY) Shares Gap Up – Here’s Why

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $23.5660, but opened at $24.87. Knorr-Bremse shares last traded at $24.87, with a volume of 137 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on KNRRY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Knorr-Bremse in a report on Monday, November 3rd. Zacks Research lowered Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. UBS Group raised Knorr-Bremse to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Citigroup reissued a “neutral” rating on shares of Knorr-Bremse in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Knorr-Bremse currently has an average rating of “Hold”.

Knorr-Bremse Stock Up 2.1%

The company has a fifty day simple moving average of $23.74 and a 200 day simple moving average of $24.59.

About Knorr-Bremse

Knorr-Bremse AG, together with its subsidiaries, engages in the development, production, marketing, and servicing of braking and other systems for rail and commercial vehicles worldwide. The company operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart services for optimizing rail traffic, power electrics, rail computing and communication (RCC)/TCMS, signaling systems, stationary and mobile testing equipment, windshield wiper and wash systems, and extensive aftermarket solutions.