Shares of Kardex Holding AG (OTCMKTS:KRDXF – Get Free Report) fell 12.7% on Wednesday . The company traded as low as $268.30 and last traded at $268.30. 11 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 114 shares. The stock had previously closed at $307.30.
Kardex Price Performance
The stock’s 50-day moving average is $326.06 and its 200-day moving average is $326.62.
About Kardex
Kardex is a Swiss-based company specializing in automated storage and retrieval systems designed to optimize material flow and warehouse management. The firm develops, manufactures and sells high-bay storage systems, vertical lift modules, vertical buffer modules and conveyor technologies under its Kardex Remstar and Kardex Mlog brands. These solutions integrate mechanical, electronic and software components to deliver scalable, space-saving automation for a variety of industries.
The company’s product portfolio includes goods-to-person and person-to-goods systems that enhance picking accuracy and throughput.
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