Krones (OTCMKTS:KRNTY) Trading Down 8.5%

Shares of Krones AG (OTCMKTS:KRNTYGet Rating) were down 8.5% on Thursday . The company traded as low as $37.67 and last traded at $37.67. Approximately 520 shares were traded during trading, an increase of 36% from the average daily volume of 382 shares. The stock had previously closed at $41.15.

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on Krones from €122.00 ($128.42) to €115.00 ($121.05) in a research report on Tuesday, March 1st.

The stock has a 50-day moving average of $42.38 and a two-hundred day moving average of $47.07.

About Krones (OTCMKTS:KRNTY)

Krones AG, together with its subsidiaries, plans, develops, and manufactures machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in two segments, Machines and Lines for Product Filling and Decoration, and Machines and Lines for Beverage Production/Process Technology.

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