Kornit Digital Ltd (KRNT) Shares Rebound After Hitting 52-Week Low – Up over 6%


Shares of Kornit Digital Ltd (NASDAQ:KRNT) are rebounding in a big way today after hitting a 52-week low of $9.91 in trading on Monday. Apparently this low point was an entry point for a lot of investors, as shares are trading up in a big way today.

The bounce in price also coincides with an announcement made by Kornit Digital Ltd (NASDAQ:KRNT) regarding the 2016 Needham Growth Conference. At the conference on January 12, 2016, the company’s CEO Gabi Seligsohn, and CFO Guy Avidan will be presenting. They will also be available for meetings on both the 12th and 13th of January.

The stock is up 6.74% or $0.71 today, hitting $11.24 per share. About 25,135 shares traded hands. KRNT has declined 31.18% since May 26, 2015 and is downtrending. It has underperformed the S&P500 by 28.91%.

Kornit Digital Ltd. develops, designs and markets digital printing solutions for the printed textile industry. The company has a market cap of $310.52 million. The Firm is focused on the direct-to-garment segment of the printed textile industry. It has 67.05 P/E ratio. The Company’s solutions include its digital printing systems, ink and other consumables, associated software and value added services that allow for large scale printing of short runs of complex images and creates directly on finished garments.