Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Here’s What Happened

Kion Group (OTCMKTS:KIGRY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $11.79, but opened at $11.38. Kion Group shares last traded at $11.38, with a volume of 211 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley raised Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Oddo Bhf raised Kion Group to an “outperform” rating in a report on Monday, May 4th. DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Kion Group Stock Down 2.4%

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 of $11.98 and a two-hundred day moving average of $14.58. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 14.15 and a beta of 2.05.

Kion Group Company Profile

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.