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

Kion Group (OTCMKTS:KIGRY) shares gapped down prior to trading on Monday . The stock had previously closed at $11.84, but opened at $11.31. Kion Group shares last traded at $11.31, with a volume of 2,057 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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. Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Kion Group currently has an average rating of “Moderate Buy”.

Kion Group Trading Down 1.4%

The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 14.08 and a beta of 2.04. The company has a 50-day moving average price of $12.91 and a 200 day moving average price of $16.11. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15.

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.