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

Kion Group (OTCMKTS:KIGRY) shares gapped up before the market opened 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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KIGRY shares. Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a report on Monday, May 4th. Zacks Research raised Kion Group from a “strong sell” rating to a “hold” rating in a research report on Friday, June 5th. Morgan Stanley upgraded Kion Group to an “overweight” rating in a research note on Tuesday. 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, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Stock Down 1.3%

The firm’s fifty day simple moving average is $12.25 and its 200 day simple moving average is $15.08. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 15.43 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.