Kion Group (OTCMKTS:KIGRY) Shares Up 10.2% – Here’s What Happened

Kion Group (OTCMKTS:KIGRYGet Free Report)’s stock price shot up 10.2% during trading on Tuesday . The stock traded as high as $11.89 and last traded at $11.8360. 720 shares changed hands during 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

A number of research analysts have issued reports on KIGRY shares. Zacks Research raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Jefferies Financial Group raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. Finally, DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Analysis on KIGRY

Kion Group Price Performance

The stock has a fifty day moving average price of $12.71 and a 200-day moving average price of $15.85. The company has a market cap of $6.21 billion, a PE ratio of 14.80 and a beta of 2.04. 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.

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