Knorr-Bremse (OTCMKTS:KNRRY) Reaches New 1-Year High – Here’s What Happened
by Mitch Edgeman · The Markets DailyKnorr-Bremse – Unsponsored ADR (OTCMKTS:KNRRY – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.01 and last traded at $28.0001, with a volume of 779 shares traded. The stock had previously closed at $27.73.
Wall Street Analysts Forecast Growth
KNRRY has been the subject of a number of recent analyst reports. Zacks Research upgraded Knorr-Bremse from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Barclays restated an “underweight” rating on shares of Knorr-Bremse in a report on Wednesday, December 3rd. The Goldman Sachs Group raised shares of Knorr-Bremse to a “strong-buy” rating in a research note on Friday, November 28th. Morgan Stanley raised shares of Knorr-Bremse from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Finally, UBS Group raised Knorr-Bremse to a “strong-buy” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
Get Our Latest Research Report on KNRRY
Knorr-Bremse Stock Down 0.4%
The firm’s 50 day moving average is $25.45 and its 200-day moving average is $24.93.
About Knorr-Bremse
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.