Knorr-Bremse (OTCMKTS:KNRRY) Issues Earnings Results
by Jessica Moore · The Cerbat GemKnorr-Bremse (OTCMKTS:KNRRY – Get Free Report) released its earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01), Zacks reports.
Knorr-Bremse Stock Performance
Shares of KNRRY traded down $0.40 during midday trading on Thursday, reaching $29.97. The stock had a trading volume of 7,378 shares, compared to its average volume of 12,345. The firm has a 50 day simple moving average of $29.64 and a 200-day simple moving average of $28.14. Knorr-Bremse has a one year low of $22.62 and a one year high of $33.96.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Knorr-Bremse in a report on Wednesday, February 25th. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a report on Monday, February 23rd. Zacks Research cut Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Citigroup reaffirmed a “neutral” rating on shares of Knorr-Bremse in a research report on Wednesday, February 25th. Finally, DZ Bank downgraded shares of Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Knorr-Bremse presently has an average rating of “Hold”.
Get Our Latest Research Report on KNRRY
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.