Knorr-Bremse (OTCMKTS:KNRRY) Sees Unusually-High Trading Volume – Here’s Why

Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) shares saw strong trading volume on Friday. Approximately 32,372 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 20,117 shares. The stock last traded at $24.71 and had previously closed at $24.94.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup reaffirmed a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Zacks Research lowered shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 30th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Knorr-Bremse presently has a consensus rating of “Hold”.

Knorr-Bremse Stock Performance

The company has a market capitalization of $16.22 billion, a PE ratio of 23.73, a P/E/G ratio of 0.87 and a beta of 0.38. The stock has a 50 day moving average price of $28.93 and a two-hundred day moving average price of $29.51.

Knorr-Bremse (OTCMKTS:KNRRY) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.38 billion. Knorr-Bremse had a net margin of 7.37% and a return on equity of 18.30%. Sell-side analysts predict that Knorr-Bremse – Unsponsored ADR will post 1.20 earnings per share for the current year.

About Knorr-Bremse

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.