Kion Group (OTCMKTS:KIGRY) Sees Large Volume Increase – Still a Buy?

Kion Group (OTCMKTS:KIGRY) saw unusually-strong trading volume on Friday . 96,987 shares traded hands during mid-day trading, an increase of 271% from the previous session’s volume of 26,123 shares.The stock last traded at $10.94 and had previously closed at $11.05.

Analyst Ratings Changes

KIGRY has been the subject of several recent analyst reports. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Jefferies Financial Group upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Oddo Bhf raised 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, two have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Kion Group presently has a consensus rating of “Moderate Buy”.

Kion Group Price 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 market capitalization of $5.68 billion, a price-to-earnings ratio of 13.53 and a beta of 2.04. The company has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $15.46.

Kion Group Company Profile

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.