Konecranes (OTCMKTS:KNCRY) Shares Down 1.1% – Here’s Why

Shares of Konecranes Plc (OTCMKTS:KNCRY – Get Free Report) fell 1.1% during mid-day trading on Tuesday. The company traded as low as $8.33 and last traded at $8.33. Approximately 100 shares changed hands during trading, a decline of 96% from the average daily volume of 2,800 shares. The stock had previously closed at $8.42.

Konecranes Price Performance

The company has a 50 day simple moving average of $8.53 and a 200 day simple moving average of $8.17.

About Konecranes

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Konecranes Plc is a Finland-based industrial equipment and services company specializing in material handling. The company designs, manufactures, installs and maintains lifting equipment and systems used in manufacturing, shipyards, ports, terminals, warehouses and other industrial environments.

Its product portfolio includes industrial cranes, overhead cranes, lifting components, hoists, workstation lifting systems, port cranes, automated container-handling equipment and related software.

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