Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Here’s What Happened

Shares of Kion Group (OTCMKTS:KIGRY) gapped down before the market opened 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. 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 research report on Tuesday, May 19th. Finally, Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Stock Down 1.4%

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 capitalization of $5.91 billion, a price-to-earnings ratio of 14.08 and a beta of 2.04. The business has a fifty day simple moving average of $12.91 and a two-hundred day simple moving average of $16.11.

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.