Knorr-Bremse (OTCMKTS:KNRRY) Sees Large Volume Increase – Here’s Why

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw strong trading volume on Thursday . 18,018 shares traded hands during trading, an increase of 18% from the previous session’s volume of 15,320 shares.The stock last traded at $27.98 and had previously closed at $27.69.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KNRRY. The Goldman Sachs Group reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Wednesday, February 25th. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a research note on Monday, February 23rd. Finally, Citigroup upgraded Knorr-Bremse from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Knorr-Bremse Price Performance

The stock has a 50 day simple moving average of $29.48 and a two-hundred day simple moving average of $29.12. The company has a market cap of $17.96 billion and a PE ratio of 99.45.

Knorr-Bremse (OTCMKTS:KNRRY) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.30 billion. As a group, equities analysts anticipate that Knorr-Bremse – Unsponsored ADR will post 1.13 EPS for the current fiscal 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.