Kion Group (OTCMKTS:KIGRY) Shares Gap Down After Analyst Downgrade

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Thursday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. 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.

Several other equities research analysts have also recently weighed in on KIGRY. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research report on Tuesday. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. Finally, DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Kion Group Trading Up 0.7%

The firm has a market cap of $6.12 billion, a PE ratio of 14.59 and a beta of 2.05. 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 company’s 50 day moving average price is $12.18 and its two-hundred day moving average price is $14.90.

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.