Krones (OTCMKTS:KRNTY) Stock Price Down 8.2% – Time to Sell?

Krones AG (OTCMKTS:KRNTY) traded down 8.2% during trading on Tuesday . The company traded as low as $64.15 and last traded at $64.15. 100 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 233 shares. The stock had previously closed at $69.88.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KRNTY shares. Jefferies Financial Group reissued a “buy” rating on shares of Krones in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Krones in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Krones Stock Down 8.2%

The firm’s 50-day moving average is $68.31 and its 200 day moving average is $72.55.

About Krones

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.