Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Should You Buy?

Shares of Kion Group (OTCMKTS:KIGRY) gapped up prior to trading on Wednesday . The stock had previously closed at $11.31, but opened at $11.94. Kion Group shares last traded at $11.94, with a volume of 156 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KIGRY shares. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Kion Group Stock Up 1.1%

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’s fifty day simple moving average is $12.02 and its 200 day simple moving average is $14.64. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 14.74 and a beta of 2.05.

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.