FRANKFURT (dpa-AFX) – Kontron scores with investors on Wednesday with another major order. In pre-market trading on Tradegate, the technology group’s shares rose by 6.6 percent to 19.13 euros compared to the Xetra closing.
This means that the stocks could surpass the December high they reached the previous week and reach their highest level since the beginning of August. They would also leave behind the 200-day line, which is still pointing downwards as an indicator of the longer-term trend.
Kontron secured an order worth around 165 million euros from a leading European company in the areas of defense, security and aviation technology. The company recently received an order from the US defense sector.
One trader emphasized the importance of the sector from which the orders come. The authors of the stock market newsletter “Fuchs-Kapital” highlighted the favorable valuation and the attractive dividend yield in their current issue./ajx/stk
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