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

Kion Group (OTCMKTS:KIGRYGet Free Report)’s share 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 trading hands.

Analyst Ratings Changes

KIGRY has been the topic of several research reports. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a research report on Monday, May 4th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Kion Group has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on KIGRY

Kion Group Stock Up 3.4%

The company has a market cap of $6.10 billion, a P/E ratio of 14.54 and a beta of 2.05. The stock has a 50-day moving average of $11.89 and a 200 day moving average of $14.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68.

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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