Konecranes (OTCMKTS:KNCRY) Downgraded to “Neutral” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Konecranes (OTCMKTS:KNCRY – Get Rating) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, The Fly reports.

Konecranes Stock Performance

Shares of KNCRY stock opened at $5.52 on Tuesday. Konecranes has a 1-year low of $3.95 and a 1-year high of $8.14. The stock’s fifty day simple moving average is $5.39 and its 200-day simple moving average is $4.89.

About Konecranes

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Konecranes Plc manufactures, sells, and services cranes, lifting equipment, and machine tools worldwide. It operates through three segments: Service, Industrial Equipment, and Port Solutions. The company offers specialized maintenance services and spare parts for industrial cranes and hoists. It also provides a range of industrial cranes for general manufacturing and various process industries; and crane components and lifting equipment solutions to other crane manufacturers and distributors.