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

Shares of Krones AG (ETR:KRN) shot up 2.2% during mid-day trading on Monday . The stock traded as high as €112.40 and last traded at €111.20. 42,720 shares were traded during mid-day 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 company has a debt-to-equity ratio of 8.09, a quick ratio of 0.98 and a current ratio of 1.42. The firm’s 50 day moving average is €120.39 and its 200-day moving average is €127.97. The firm 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.

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.