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

Kion Group (OTCMKTS:KIGRYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $11.58, but opened at $10.88. Kion Group shares last traded at $10.90, with a volume of 1,259 shares changing hands.

Wall Street Analyst Weigh In

KIGRY has been the topic of several research reports. Oddo Bhf upgraded shares of 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. Zacks Research raised Kion Group from a “strong sell” rating to a “hold” rating in a report on Friday, June 5th. Finally, DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Kion Group

Kion Group Trading Down 3.8%

The company has a market capitalization of $5.84 billion, a P/E ratio of 13.93 and a beta of 2.04. The company has a fifty day simple moving average of $12.63 and a two-hundred day simple moving average of $15.57. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68.

Kion Group Company Profile

(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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