Krones (ETR:KRN) Stock Price Down 2.3% – What’s Next?

Krones AG (ETR:KRN)’s stock price dropped 2.3% on Thursday . The company traded as low as €119.40 and last traded at €119.60. Approximately 36,464 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 33,680 shares. The stock had previously closed at €122.40.

Krones Trading Down 2.2%

The stock’s 50 day moving average is €122.01 and its two-hundred day moving average is €129.42. The company has a market capitalization of $3.78 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.78 and a beta of 0.91. The company has a quick ratio of 0.98, a current ratio of 1.38 and a debt-to-equity ratio of 6.99.

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.