Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Still a Buy?

Kion Group (OTCMKTS:KIGRY)’s share 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 changing hands.

Analyst Upgrades and Downgrades

KIGRY has been the topic of several analyst reports. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Oddo Bhf raised Kion Group to an “outperform” rating in a research note on Monday, May 4th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Kion Group Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.99. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 14.86 and a beta of 2.04. The company’s 50 day moving average price is $12.70 and its 200-day moving average price is $15.80.

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.