Krones (OTCMKTS:KRNTY) Shares Up 3.9% – Still a Buy?

Krones AG (OTCMKTS:KRNTY) rose 3.9% during trading on Wednesday . The company traded as high as $69.88 and last traded at $69.88. Approximately 350 shares traded hands during mid-day trading, an increase of 56% from the average daily volume of 225 shares. The stock had previously closed at $67.25.

Analyst Ratings Changes

KRNTY has been the subject of a number of recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Krones in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Krones in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Krones Price Performance

The stock’s fifty day moving average is $69.08 and its 200-day 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.