Traton (OTCMKTS:TRATF) Stock Price Up 4.9% – Still a Buy?

Traton SE (OTCMKTS:TRATF)’s stock price was up 4.9% on Monday . The company traded as high as $38.77 and last traded at $38.77. Approximately 900 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 633 shares. The stock had previously closed at $36.97.

Analysts Set New Price Targets

A number of research analysts have commented on TRATF shares. Morgan Stanley downgraded shares of Traton to an “underweight” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Traton in a research note on Wednesday, January 7th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Traton Stock Up 4.9%

The stock’s fifty day simple moving average is $34.81 and its 200 day simple moving average is $34.31.

Traton Company Profile

Traton SE (OTCMKTS: TRATF) is a leading global commercial vehicle manufacturer headquartered in Munich, Germany. As a subsidiary of Volkswagen AG, Traton brings together a portfolio of well-known brands, including MAN, Scania and Navistar, to design, produce and distribute trucks, buses, vans and related powertrain solutions. The company’s product range spans from light- and heavy-duty trucks to urban and intercity buses, complemented by engines for marine and industrial applications.

Established in 2015 under the name Volkswagen Truck & Bus, the business was rebranded as Traton SE in 2018 to reflect its independent corporate identity and strategic focus on mobility solutions.