Daimler Truck (OTCMKTS:DTRUY) Reaches New 1-Year High – Here’s What Happened

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $26.40 and last traded at $26.40, with a volume of 2871 shares traded. The stock had previously closed at $25.86.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DTRUY. Zacks Research upgraded shares of Daimler Truck from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 27th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Daimler Truck in a research note on Wednesday, January 7th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Daimler Truck in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Daimler Truck Stock Down 0.2%

The firm has a fifty day simple moving average of $23.05 and a 200 day simple moving average of $22.33.

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.