Krones (ETR:KRN) Stock Price Up 2.2% – Still a Buy?
by Kim Johansen · The Markets DailyKrones AG (ETR:KRN – Get Free Report)’s stock price rose 2.2% during mid-day trading on Monday . The stock traded as high as €112.40 and last traded at €111.20. Approximately 42,720 shares were traded during trading, an increase of 27% from the average daily volume of 33,680 shares. The stock had previously closed at €108.80.
Krones Stock Up 0.9%
The company has a 50-day moving average of €120.26 and a 200-day moving average of €127.75. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 0.78 and a beta of 0.95. The company has a current ratio of 1.42, a quick ratio of 0.98 and a debt-to-equity ratio of 8.09.
About Krones
Krones AG, together with its subsidiaries, engages in the planning, development, and manufacture of machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in three segments, Filling and Packaging Technology, Process Technology, and Intralogistics. The Filling and Packaging Technology segment offers machines and lines for stretch blow molders, bottle washing, filling, inspection, labelling, conveying, product packing, palletizing, treatment, technology products, as well as for producing PET containers and converting used plastic bottles into food-grade recycled material.