Konecranes (OTCMKTS:KNCRY) Shares Down 5.6% – Here’s What Happened

Konecranes Plc (OTCMKTS:KNCRYGet Free Report) shares were down 5.6% during trading on Friday . The stock traded as low as $13.21 and last traded at $13.21. Approximately 475 shares changed hands during trading, a decline of 80% from the average daily volume of 2,374 shares. The stock had previously closed at $14.00.

Konecranes Stock Performance

The firm has a 50 day simple moving average of $13.43 and a two-hundred day simple moving average of $12.24.

About Konecranes

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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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