Kion Group (OTCMKTS:KIGRY) Hits New 52-Week Low – What’s Next?

Kion Group (OTCMKTS:KIGRYGet Free Report) reached a new 52-week low on Friday . The stock traded as low as $11.6250 and last traded at $11.6250, with a volume of 1885 shares changing hands. The stock had previously closed at $11.84.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. Finally, DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Research Report on KIGRY

Kion Group Stock Down 2.2%

The firm has a 50 day moving average price of $12.95 and a 200-day moving average price of $16.16. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The firm has a market cap of $6.07 billion, a PE ratio of 14.48 and a beta of 2.04.

Kion Group Company Profile

(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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