Kion Group (OTCMKTS:KIGRY) Sets New 52-Week Low – What’s Next?

Shares of Kion Group (OTCMKTS:KIGRY) reached a new 52-week low on Thursday . The stock traded as low as $10.78 and last traded at $10.85, with a volume of 6711 shares changing hands. The stock had previously closed at $11.08.

Analyst Ratings Changes

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

Kion Group Stock Performance

The firm has a fifty day simple moving average of $12.72 and a 200-day simple moving average of $15.90. 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 stock has a market cap of $5.63 billion, a price-to-earnings ratio of 13.43 and a beta of 2.04.

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.