Kion Group (OTCMKTS:KIGRY) Shares Up 10.2% – What’s Next?

Kion Group (OTCMKTS:KIGRYGet Free Report) shot up 10.2% on Tuesday . The stock traded as high as $11.89 and last traded at $11.8360. 720 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 27,221 shares. The stock had previously closed at $10.74.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on KIGRY

Kion Group Stock Performance

The stock has a market capitalization of $6.19 billion, a PE ratio of 14.75 and a beta of 2.04. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The firm has a 50 day moving average price of $12.70 and a 200-day moving average price of $15.76.

About Kion Group

(Get Free Report)

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.

Further Reading

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