Krones (ETR:KRN) Shares Up 3.5% – Here’s What Happened

Shares of Krones AG (ETR:KRN) traded up 3.5% on Thursday . The stock traded as high as €121.40 and last traded at €119.20. 44,290 shares were traded during trading, an increase of 32% from the average session volume of 33,680 shares. The stock had previously closed at €115.20.

Krones Trading Up 3.5%

The firm has a fifty day moving average of €129.72 and a two-hundred day moving average of €129.86. The company has a market cap of $3.85 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.78 and a beta of 0.91. The company has a current ratio of 1.38, a quick ratio of 0.98 and a debt-to-equity ratio of 6.99.

Krones Company Profile

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.