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Krones (ETR:KRN) Shares Up 2.4% - Here's Why

Krones logo with Industrials background

Krones AG (ETR:KRN - Get Free Report)'s stock price shot up 2.4% during mid-day trading on Thursday . The stock traded as high as €143.40 ($168.71) and last traded at €142.40 ($167.53). 34,556 shares were traded during mid-day trading, an increase of 3% from the average session volume of 33,680 shares. The stock had previously closed at €139.00 ($163.53).

Krones Price Performance

The firm's 50-day moving average is €139.27 and its 200-day moving average is €130.47. The company has a market capitalization of $4.60 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 0.78 and a beta of 1.14. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 3.44.

Krones Company Profile

(Get Free Report)

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.

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