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

Kion Group (OTCMKTS:KIGRY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $11.58, but opened at $10.88. Kion Group shares last traded at $10.90, with a volume of 1,259 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research raised Kion Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Oddo Bhf raised shares of Kion Group to an “outperform” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Price Performance

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 market cap of $5.85 billion, a price-to-earnings ratio of 13.94 and a beta of 2.04. The stock has a 50-day moving average price of $12.55 and a 200 day moving average price of $15.46.

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.