Stadler Rail (OTC:SRAIF) Stock Price Up 6.3% – Here’s Why

Stadler Rail AG (OTC:SRAIF)’s stock price shot up 6.3% on Wednesday . The stock traded as high as $23.23 and last traded at $23.23. 125 shares were traded during mid-day trading, a decline of 45% from the average session volume of 229 shares. The stock had previously closed at $21.86.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SRAIF. UBS Group reiterated a “sell” rating on shares of Stadler Rail in a report on Tuesday, April 15th. Citigroup reiterated a “neutral” rating on shares of Stadler Rail in a report on Tuesday, May 13th.

Stadler Rail Price Performance

The company’s fifty day moving average is $23.01 and its two-hundred day moving average is $23.52.

Stadler Rail Company Profile

Stadler Rail AG, through its subsidiaries, engages in the manufacture and sale of trains in Switzerland, Germany, Austria, Western and Eastern Europe, the Americas, the CIS countries, and internationally. It operates through three segments: Rolling Stock; Service & Components; and Signalling. The Rolling Stock segment manufactures various rail vehicles comprising high-speed, intercity, city transport, locomotives, tailor-made, and regional trains, as well as passenger coaches, light rails, and trams.