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

Shares of Kion Group (OTCMKTS:KIGRYGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $12.29, but opened at $11.71. Kion Group shares last traded at $11.71, with a volume of 186 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KIGRY. Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a report on Monday, May 4th. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday. Finally, Zacks Research upgraded shares of 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, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on KIGRY

Kion Group Trading Down 1.1%

The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 14.57 and a beta of 2.05. 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 company’s fifty day moving average price is $12.22 and its 200-day moving average price is $14.98.

Kion Group Company Profile

(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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