Daimler Truck (OTCMKTS:DTRUY) Hits New 52-Week High – Time to Buy?

by · The Markets Daily

Daimler Truck Holding AG – Sponsored ADR (OTCMKTS:DTRUY – Get Free Report)’s stock price reached a new 52-week high on Monday . The company traded as high as $28.70 and last traded at $28.64, with a volume of 2633 shares trading hands. The stock had previously closed at $28.12.

Analyst Upgrades and Downgrades

DTRUY has been the topic of several recent analyst reports. Barclays upgraded Daimler Truck from a “hold” rating to an “overweight” rating in a report on Tuesday, July 7th. Kepler Capital Markets upgraded shares of Daimler Truck from a “reduce” rating to a “buy” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Daimler Truck in a research report on Thursday, July 23rd. Zacks Research lowered shares of Daimler Truck from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Citigroup restated a “buy” rating on shares of Daimler Truck in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on DTRUY

Daimler Truck Stock Up 1.1%

The stock’s 50 day moving average price is $24.58 and its two-hundred day moving average price is $24.62.

Daimler Truck Company Profile

(Get Free Report)

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.

Further Reading