Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Should You Sell?

Kion Group (OTCMKTS:KIGRY) shares gapped down before the market opened on Thursday . The stock had previously closed at $12.29, but opened at $11.71. Kion Group shares last traded at $11.71, with a volume of 186 shares.

Analyst Ratings Changes

KIGRY has been the subject of several research reports. Oddo Bhf upgraded Kion Group to an “outperform” rating in a report on Monday, May 4th. 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 report on Tuesday, May 19th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Kion Group Trading Down 1.1%

The company has a market capitalization of $6.12 billion, a PE ratio of 14.57 and a beta of 2.05. The company’s fifty day moving average is $12.22 and its 200-day moving average is $14.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68.

About Kion Group

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.