Kardex (OTCMKTS:KRDXF) Shares Down 3.6% – What’s Next?

by · The Cerbat Gem

Kardex Holding AG (OTCMKTS:KRDXF – Get Free Report)’s stock price was down 3.6% during trading on Monday . The stock traded as low as $285.00 and last traded at $285.00. 100 shares were traded during trading, a decline of 18% from the average daily volume of 122 shares. The stock had previously closed at $295.50.

Analyst Ratings Changes

Separately, UBS Group reissued a “buy” rating on shares of Kardex in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

Get Our Latest Report on Kardex

Kardex Trading Down 3.6%

The business’s 50-day moving average is $296.66 and its 200-day moving average is $308.91.

About Kardex

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Kardex is a Swiss-based company specializing in automated storage and retrieval systems designed to optimize material flow and warehouse management. The firm develops, manufactures and sells high-bay storage systems, vertical lift modules, vertical buffer modules and conveyor technologies under its Kardex Remstar and Kardex Mlog brands. These solutions integrate mechanical, electronic and software components to deliver scalable, space-saving automation for a variety of industries.

The company’s product portfolio includes goods-to-person and person-to-goods systems that enhance picking accuracy and throughput.

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