Krones (ETR:KRN) Shares Up 3.5% – Here’s What Happened

Krones AG (ETR:KRN)’s stock price traded up 3.5% during mid-day trading on Thursday . The stock traded as high as €121.40 and last traded at €119.20. 44,290 shares changed hands during trading, an increase of 32% from the average session volume of 33,680 shares. The stock had previously closed at €115.20.

Krones Stock Up 3.5%

The stock has a market capitalization of $3.85 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 0.78 and a beta of 0.91. The company has a debt-to-equity ratio of 6.99, a current ratio of 1.38 and a quick ratio of 0.98. The stock has a fifty day moving average price of €129.72 and a 200 day moving average price of €129.86.

About Krones

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. The Filling and Packaging Technology segment offers machines and lines for stretch blow molders, bottle washing, filling, inspection, labelling, conveying, product packing, palletizing, treatment, technology products, as well as for producing PET containers and converting used plastic bottles into food-grade recycled material.