Krones (OTCMKTS:KRNTY) Stock Price Down 2.3% – Here’s What Happened

Shares of Krones AG (OTCMKTS:KRNTY) dropped 2.3% during trading on Monday . The stock traded as low as $68.2527 and last traded at $68.2527. Approximately 1 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 225 shares. The stock had previously closed at $69.88.

Analyst Ratings Changes

KRNTY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Krones in a report on Friday, May 15th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Krones in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Krones Stock Down 2.3%

The firm has a 50 day moving average price of $69.40 and a two-hundred day moving average price of $73.96.

Krones Company Profile

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.