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

Kion Group (OTCMKTS:KIGRY)’s share price 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.

Analyst Upgrades and Downgrades

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

Kion Group Price Performance

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 capitalization of $6.25 billion, a PE ratio of 14.90 and a beta of 2.05. The stock’s 50-day moving average is $12.11 and its two-hundred day moving average is $14.75.

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.