Krones (ETR:KRN) Stock Price Down 1.4% – Here’s Why

Shares of Krones AG (ETR:KRN) dropped 1.4% during trading on Thursday . The stock traded as low as €127.40 and last traded at €127.60. Approximately 17,863 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 33,680 shares. The stock had previously closed at €129.40.

Krones Stock Down 1.4%

The firm has a market cap of $4.12 billion, a PE ratio of 16.51, 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. The business has a 50-day moving average price of €124.91 and a two-hundred day moving average price of €129.63.

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.