Krones (OTCMKTS:KRNTY) Shares Up 3.9% – Should You Buy?

Krones AG (OTCMKTS:KRNTY)’s share price shot up 3.9% during mid-day trading on Wednesday . The stock traded as high as $69.88 and last traded at $69.88. 350 shares were traded during mid-day trading, an increase of 56% from the average session volume of 225 shares. The stock had previously closed at $67.25.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KRNTY. Jefferies Financial Group restated a “buy” rating on shares of Krones in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Krones in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Krones Price Performance

The firm’s fifty day moving average is $69.04 and its two-hundred day moving average is $74.73.

Krones Company Profile

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.