Kloeckner & Co SE (OTCMKTS:KLKNF) shares shot up 12% on Friday . The stock traded as high as $6.05 and last traded at $6.05, 2,000 shares traded hands during mid-day trading. An increase of 138% from the average session volume of 840 shares. The stock had previously closed at $5.40.
Separately, Deutsche Bank raised shares of Kloeckner & Co SE from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st.
The firm has a 50-day moving average of $5.40.
Klöckner & Co SE, through its subsidiaries, distributes steel and metal products. It operates through Europe and Americas segments. The company's product portfolio includes flat steel products, such as thin sheets and strips, as well as thick sheets; long steel products comprising merchant bars, sectional steel, and beams; tubes und hollow sections that include structural hollow sections, precision tubes, and seamless heavy-wall pipes; stainless steel and high-grade steel, which comprise sheet, profiles, and tubes; aluminum profiles, sheets, strips, and plates; and special products for building installations, roof and wall construction, and water supply.
See Also: Return on Equity (ROE)
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