Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Still a Buy?

Kion Group (OTCMKTS:KIGRY – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $11.84, but opened at $12.39. Kion Group shares last traded at $12.36, with a volume of 1,831 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KIGRY. DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Morgan Stanley upgraded Kion Group to an “overweight” rating in a research note on Tuesday. Oddo Bhf raised Kion Group to an “outperform” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kion Group currently has an average rating of “Moderate Buy”.

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Kion Group Stock Performance

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 firm has a 50-day simple moving average of $12.25 and a 200 day simple moving average of $15.08. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 15.43 and a beta of 2.05.

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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