Krones (ETR:KRN) Shares Up 2.2% – Still a Buy?

Krones AG (ETR:KRN)’s share price shot up 2.2% on Monday . The company traded as high as €112.40 and last traded at €111.20. 42,720 shares traded hands during trading, an increase of 27% from the average session volume of 33,680 shares. The stock had previously closed at €108.80.

Krones Stock Performance

The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.78 and a beta of 0.95. The company has a debt-to-equity ratio of 8.09, a quick ratio of 0.98 and a current ratio of 1.42. The stock’s 50-day simple moving average is €120.39 and its two-hundred day simple moving average is €127.97.

Krones Company Profile

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.