Konecranes (OTCMKTS:KNCRF) Shares Climb 22.4% – Time to Buy?

Shares of Konecranes Plc (OTCMKTS:KNCRF – Get Free Report) shot up 22.4% on Thursday. The company traded as high as $37.95 and last traded at $37.95. 1,500 shares traded hands during mid-day trading, an increase of 156% from the average session volume of 587 shares. The stock had previously closed at $31.00.

Konecranes Stock Up 22.4%

The firm’s 50-day moving average is $30.63 and its 200 day moving average is $39.00.

About Konecranes

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Konecranes Oyj is a Finnish industrial machinery manufacturer and service provider specializing in lifting equipment and services for a wide range of industries. The company’s core business includes the design, production and servicing of overhead cranes, hoists, jib cranes, dockside and shipyard cranes, as well as container handling equipment. Konecranes also offers digital solutions that enhance safety and productivity through remote monitoring and predictive maintenance.

Established in 1994 as an independent spin-off from the crane division of Kone Corporation, Konecranes is headquartered in Hyvinkää, Finland.

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