Kornit Digital Ltd. (KRNT) is having a great day on the stock market as the company’s share price has increased by 4.31%. Kornit Digital Ltd. is a digital printing technologies company based in Israel. The company specializes in manufacturing digital printing solutions for the garment, apparel, and textile industries.
The 4.31% jump in KRNT's stock price has been attributed to strong investor confidence in the company's business and future prospects. Analysts are expecting the stock to continue to rise in the upcoming weeks as more investors become aware of the company's potential.
Kornit Digital Ltd. has been one of the few bright spots in the stock market this year, with their stock price rising by over 50% since the start of the year. The company has been able to maintain strong financial performance despite the global economic downturn due to the coronavirus pandemic.
Kornit Digital Ltd. has recently announced an expansion of its product line, which includes a new 3D printing technology. This expansion of the company's product line is expected to further increase investor confidence and stock price in the upcoming weeks.