Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Here’s What Happened

Kion Group (OTCMKTS:KIGRY – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $11.31, but opened at $11.94. Kion Group shares last traded at $11.94, with a volume of 156 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Finally, Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kion Group has an average rating of “Moderate Buy”.

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Kion Group Stock Up 4.6%

The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The stock has a market cap of $6.25 billion, a P/E ratio of 14.90 and a beta of 2.05. The company’s 50 day moving average price is $12.11 and its two-hundred day moving average price is $14.75.

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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