Konecranes (OTCMKTS:KNCRF) Trading Down 1.7% – Time to Sell?

Konecranes Plc (OTCMKTS:KNCRFGet Free Report) was down 1.7% on Tuesday . The stock traded as low as $31.00 and last traded at $31.00. 870 shares were traded during trading, an increase of 70% from the average session volume of 513 shares. The stock had previously closed at $31.55.

Konecranes Price Performance

The company has a 50 day moving average price of $31.57 and a 200-day moving average price of $63.63.

Konecranes Company Profile

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Konecranes Oyj is a Finnish industrial machinery manufacturer and service provider specializing in lifting equipment and services for a wide range of industries. The company’s core business includes the design, production and servicing of overhead cranes, hoists, jib cranes, dockside and shipyard cranes, as well as container handling equipment. Konecranes also offers digital solutions that enhance safety and productivity through remote monitoring and predictive maintenance.

Established in 1994 as an independent spin-off from the crane division of Kone Corporation, Konecranes is headquartered in Hyvinkää, Finland.

Further Reading

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