Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Here’s Why

by · The Markets Daily

Kion Group (OTCMKTS:KIGRY – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $11.79, but opened at $11.38. Kion Group shares last traded at $11.38, with a volume of 211 shares changing hands.

Wall Street Analyst Weigh In

KIGRY has been the topic of a number of recent analyst reports. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Oddo Bhf raised Kion Group to an “outperform” rating in a research report on Monday, May 4th. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Kion Group

Kion Group Trading Down 2.4%

The firm has a market capitalization of $5.94 billion, a P/E ratio of 14.15 and a beta of 2.05. The business’s 50-day moving average is $11.98 and its 200 day moving average is $14.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68.

About Kion Group

(Get Free Report)

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group’s key brands include Linde Material Handling, STILL and Dematic.

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