Krones (OTCMKTS:KRNTY) Shares Up 3.9% – Still a Buy?
by Amy Steele · The Cerbat GemKrones AG (OTCMKTS:KRNTY – Get Free Report) shares shot up 3.9% during mid-day trading on Wednesday . The stock traded as high as $69.88 and last traded at $69.88. 350 shares traded hands during mid-day trading, an increase of 56% from the average session volume of 225 shares. The stock had previously closed at $67.25.
Wall Street Analyst Weigh In
Several research firms recently issued reports on KRNTY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Krones in a research note on Friday, May 15th. Jefferies Financial Group restated a “buy” rating on shares of Krones in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on Krones
Krones Trading Up 3.9%
The stock’s 50-day simple moving average is $69.08 and its two-hundred day simple moving average is $74.76.
About Krones
Krones AG is a Germany-based manufacturer of machinery and complete production lines for the beverage, food and chemical industries. The company specializes in designing, engineering and supplying integrated systems for bottle blowing, filling, labelling and packaging. Its solutions are tailored to a wide range of liquid products, including carbonated beverages, water, beer, dairy, juices and pharmaceuticals.
In addition to core machinery, Krones offers factory automation and digitalization tools that enable real-time monitoring and optimization of production processes.