Jungheinrich (OTCMKTS:JGHAF) Shares Up 8% - Still a Buy?

Key Points

• Jungheinrich AG's stock price surged 8% on Wednesday, reaching $39.80 from a previous close of $36.86, with trading volumes dramatically increasing.
• The company's 50-day and 200-day moving averages are $43.44 and $35.40, respectively, indicating some volatility in its recent price performance.
• Jungheinrich specializes in intralogistics solutions, offering a range of products and services in material handling equipment and automation worldwide.

Jungheinrich AG (OTCMKTS:JGHAF - Get Free Report) rose 8% during mid-day trading on Wednesday . The stock traded as high as $39.80 and last traded at $39.80. Approximately 100 shares were traded during mid-day trading, an increase of 99,900% from the average daily volume of 0 shares. The stock had previously closed at $36.86.

Jungheinrich Price Performance

The firm has a 50-day moving average of $43.56 and a 200-day moving average of $35.64.

Jungheinrich Company Profile

Jungheinrich Aktiengesellschaft, through its subsidiaries, provides products and solutions for the intralogistics sector with a portfolio of material handling equipment, automated systems, and matching services worldwide. It operates in two segments, Intralogistics and Financial Services. The Intralogistics segment engages in the development, production, sale, and short-term rental of new material handling equipment and warehousing equipment products, including automation; sale and short-term leasing of used trucks; and provides spare parts, as well as maintenance and repair services.