Konecranes (OTCMKTS:KNCRY) Shares Up 21.5% – Time to Buy?

Konecranes Plc (OTCMKTS:KNCRYGet Free Report) shot up 21.5% during trading on Thursday . The company traded as high as $14.50 and last traded at $14.50. 330 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 443 shares. The stock had previously closed at $11.94.

Konecranes Price Performance

The business has a 50-day simple moving average of $12.55 and a 200 day simple moving average of $13.13.

Konecranes Company Profile

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Konecranes Plc manufactures, sells, and services material handling solutions. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers workstation lifting system, overhead cranes, hazardous environment cranes and hoists, warehouse automation, and core of lifting, such as gears, motors, and controls; and provides crane advisory services.

Further Reading

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