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

Kion Group (OTCMKTS:KIGRYGet Free Report) gapped up prior to trading on Monday . The stock had previously closed at $10.66, but opened at $11.92. Kion Group shares last traded at $12.0013, with a volume of 2,769 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KIGRY shares. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. Zacks Research upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 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 equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on KIGRY

Kion Group Stock Up 8.0%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.99. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 14.49 and a beta of 2.04. The firm has a 50-day moving average price of $12.72 and a two-hundred day moving average price of $15.89.

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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