Kion Group (OTCMKTS:KIGRY) Hits New 12-Month Low – What’s Next?

Shares of Kion Group Ag (OTCMKTS:KIGRY) reached a new 52-week low on Tuesday . The stock traded as low as $7.66 and last traded at $7.76, with a volume of 71884 shares changing hands. The stock had previously closed at $8.44.

Analysts Set New Price Targets

Several equities analysts recently commented on KIGRY shares. Barclays upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Citigroup upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th.

Kion Group Stock Down 8.1 %

The stock has a market capitalization of $4.07 billion, a P/E ratio of 11.25 and a beta of 1.95. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average is $10.48 and its 200-day moving average is $9.55.

Kion Group Company Profile

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.