Traton (OTCMKTS:TRATF) Shares Up 1.6% – Here’s What Happened

Traton SE (OTCMKTS:TRATF) shares shot up 1.6% during trading on Thursday . The company traded as high as $39.30 and last traded at $39.30. 175 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 789 shares. The stock had previously closed at $38.70.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TRATF shares. Citigroup reaffirmed a “neutral” rating on shares of Traton in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Traton in a report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Traton Price Performance

The firm has a fifty day moving average of $37.74 and a 200-day moving average of $37.05.

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.