Daimler Truck (OTCMKTS:DTRUY) Sees Large Volume Increase – Time to Buy?

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY) saw an uptick in trading volume on Monday . 994,461 shares traded hands during trading, an increase of 1,179% from the previous session’s volume of 77,726 shares.The stock last traded at $24.0240 and had previously closed at $22.87.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DTRUY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a report on Thursday, February 19th. Morgan Stanley reiterated an “overweight” rating on shares of Daimler Truck in a report on Tuesday, January 13th. DZ Bank upgraded Daimler Truck from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 16th. Zacks Research raised Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. Finally, Citigroup reissued a “buy” rating on shares of Daimler Truck in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Daimler Truck Stock Up 6.0%

The stock has a 50 day simple moving average of $24.65 and a two-hundred day simple moving average of $22.47.

Daimler Truck Company Profile

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.