Shares of Konecranes Plc (OTCMKTS:KNCRF – Get Free Report) dropped 8% during trading on Wednesday . The company traded as low as $65.50 and last traded at $65.50. Approximately 100 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 250 shares. The stock had previously closed at $71.18.
Konecranes Stock Performance
The stock’s fifty day moving average is $66.72 and its 200-day moving average is $63.22.
About Konecranes
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.
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