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

Kion Group (OTCMKTS:KIGRYGet Free Report)’s share price gapped up prior to trading 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 changing hands.

Analysts Set New Price Targets

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

View Our Latest Report on KIGRY

Kion Group Stock Performance

The business’s fifty day moving average price is $12.22 and its 200-day moving average price is $14.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The stock has a market capitalization of $6.19 billion, a PE ratio of 14.74 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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