Daimler Truck (OTCMKTS:DTRUY) Shares Gap Up – Time to Buy?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $24.6515, but opened at $26.15. Daimler Truck shares last traded at $26.41, with a volume of 1,030 shares.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DTRUY. Citigroup reiterated a “buy” rating on shares of Daimler Truck in a research note on Wednesday, July 1st. Kepler Capital Markets raised shares of Daimler Truck from a “reduce” rating to a “buy” rating in a research note on Tuesday. Zacks Research downgraded shares of Daimler Truck from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barclays raised shares of Daimler Truck from a “hold” rating to an “overweight” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Daimler Truck presently has an average rating of “Moderate Buy”.

Daimler Truck Trading Up 2.0%

The business has a fifty day moving average of $24.02 and a 200 day moving average of $24.41.

About Daimler Truck

Daimler Truck AG is a leading global manufacturer of commercial vehicles, specializing in the design, production and distribution of trucks, buses and powertrain components. The company operates through a diversified brand portfolio that includes Mercedes-Benz Trucks, Freightliner, Western Star, FUSO, BharatBenz and Thomas Built Buses. Its product range covers heavy-duty, medium-duty and light-duty trucks, as well as a variety of bus models for urban and intercity transportation.

In addition to vehicle manufacturing, Daimler Truck offers a suite of services aimed at fleet management and uptime optimization.