Knife River Co. (NYSE:KNF – Get Rating) shares rose 3.9% on Wednesday after DA Davidson raised their price target on the stock from $48.00 to $54.00. The company traded as high as $47.02 and last traded at $46.86. Approximately 162,275 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,308,265 shares. The stock had previously closed at $45.09.
Knife River Stock Performance
The company has a quick ratio of 0.56, a current ratio of 1.35 and a debt-to-equity ratio of 0.59.
About Knife River
Knife River Corporation provides aggregates-based construction materials and contracting services in the United States. It operates through six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. It mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting services to support the aggregate-based product lines, including heavy-civil construction, asphalt and concrete paving, and site development and grading.
Further Reading
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