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

Shares of Knorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY) saw strong trading volume on Monday . 52,528 shares changed hands during mid-day trading, an increase of 260% from the previous session’s volume of 14,603 shares.The stock last traded at $29.1825 and had previously closed at $29.1270.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KNRRY. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Morgan Stanley reaffirmed an “overweight” rating on shares of Knorr-Bremse in a research report on Tuesday, June 23rd. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Knorr-Bremse Trading Down 0.1%

The firm’s 50 day simple moving average is $29.41 and its 200-day simple moving average is $29.59. The stock has a market capitalization of $18.76 billion and a price-to-earnings ratio of 29.38.

Knorr-Bremse (OTCMKTS:KNRRY) last released its earnings results on Thursday, May 7th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.30 billion. Knorr-Bremse had a return on equity of 17.17% and a net margin of 7.08%. As a group, equities research analysts predict that Knorr-Bremse – Unsponsored ADR will post 1.19 earnings per share for the current year.

Knorr-Bremse Company Profile

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.