Kion Group (OTCMKTS:KIGRY) Shares Up 10.2% – Here’s What Happened

Kion Group (OTCMKTS:KIGRYGet Free Report)’s share price shot up 10.2% on Tuesday . The stock traded as high as $11.89 and last traded at $11.8360. 720 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 27,221 shares. The stock had previously closed at $10.74.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KIGRY. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. Jefferies Financial Group upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, DZ Bank upgraded shares of 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, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Kion Group currently has a consensus rating of “Moderate Buy”.

Get Our Latest Analysis on Kion Group

Kion Group Trading Up 3.1%

The company’s 50 day simple moving average is $12.71 and its two-hundred day simple moving average is $15.85. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 14.80 and a beta of 2.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.99.

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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