Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Time to Sell?

Kion Group (OTCMKTS:KIGRY) shares gapped down prior to trading on Monday . The stock had previously closed at $11.84, but opened at $11.31. Kion Group shares last traded at $11.31, with a volume of 2,057 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KIGRY shares. Jefferies Financial Group raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Oddo Bhf raised Kion Group to an “outperform” rating in a research report on Monday, May 4th. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Zacks Research upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Kion Group presently has an average rating of “Moderate Buy”.

Kion Group Stock Down 0.4%

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 company has a market cap of $5.81 billion, a PE ratio of 13.85 and a beta of 2.04. The company’s fifty day moving average is $12.85 and its 200-day moving average is $16.02.

About Kion Group

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.