Konecranes (OTCMKTS:KNCRF) Stock Price Down 8% – Here’s Why

Konecranes Plc (OTCMKTS:KNCRFGet Free Report) shares fell 8% during mid-day trading on Wednesday . The company traded as low as $65.50 and last traded at $65.50. 100 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 250 shares. The stock had previously closed at $71.18.

Konecranes Price Performance

The business has a 50-day moving average of $66.74 and a 200-day moving average of $63.20.

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.

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