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

Kion Group (OTCMKTS:KIGRYGet Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.66, but opened at $11.92. Kion Group shares last traded at $12.0013, with a volume of 2,769 shares traded.

Analysts Set New Price Targets

A number of research firms have commented on KIGRY. Zacks Research upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Oddo Bhf upgraded Kion Group to an “outperform” rating in a report on Monday, May 4th. DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Analysis on KIGRY

Kion Group Stock Performance

The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 14.49 and a beta of 2.04. 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 firm has a 50 day moving average price of $12.72 and a 200-day moving average price of $15.89.

About Kion Group

(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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