Krones (OTCMKTS:KRNTY) Trading 5.5% Higher – Here’s What Happened

Krones AG (OTCMKTS:KRNTY)’s share price traded up 5.5% during trading on Wednesday . The company traded as high as $82.00 and last traded at $82.00. 106 shares traded hands during trading, a decline of 60% from the average session volume of 265 shares. The stock had previously closed at $77.75.

Krones Stock Up 5.5%

The firm’s fifty day moving average is $78.20 and its two-hundred day moving average is $76.55.

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.