Daimler Truck (OTCMKTS:DTRUY) Shares Break Above 50-Day Moving Average – Here’s What Happened

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $23.85 and traded as high as $24.18. Daimler Truck shares last traded at $23.89, with a volume of 62,088 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DTRUY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Daimler Truck in a research note on Thursday, July 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Daimler Truck in a research note on Thursday, August 13th. Zacks Research raised Daimler Truck from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Morgan Stanley cut shares of Daimler Truck from an “overweight” rating to an “equal weight” rating in a research report on Friday, September 4th. Finally, Kepler Capital Markets upgraded shares of Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Daimler Truck Trading Up 1.9%

The business has a fifty day moving average price of $23.85 and a 200-day moving average price of $24.70. The company has a quick ratio of 1.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.82. The company has a market cap of $36.58 billion, a P/E ratio of 47.78 and a beta of 0.12.

Daimler Truck (OTCMKTS:DTRUY) last released its quarterly earnings results on Friday, November 6th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.06). The firm had revenue of $14.47 billion for the quarter, compared to analyst estimates of $14.09 billion. Daimler Truck had a return on equity of 6.04% and a net margin of 6.17%. On average, analysts forecast that Daimler Truck Holding AG – Sponsored ADR will post 2.00 earnings per share for the current year.

About Daimler Truck

Daimler Truck Holding AG is a global manufacturer of commercial vehicles, including heavy- and medium-duty trucks and buses. Its brands include Mercedes-Benz Trucks, Freightliner, Western Star, BharatBenz, FUSO, Setra and Thomas Built Buses. The company also provides parts, maintenance, digital and connected-vehicle services, and financing solutions. Headquartered in Leinfelden-Echterdingen, Germany, Daimler Truck serves customers across Europe, North America, Latin America and Asia. Its business includes vehicles and services for a range of commercial uses, from freight transport to passenger transit.