Kion Group (OTCMKTS:KIGRY) Sees Large Volume Increase – Still a Buy?

Kion Group (OTCMKTS:KIGRY) saw unusually-strong trading volume on Friday . Approximately 96,987 shares were traded during trading, an increase of 271% from the previous session’s volume of 26,123 shares.The stock last traded at $10.94 and had previously closed at $11.05.

Analysts Set New Price Targets

Several research firms have commented on KIGRY. Zacks Research raised Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, June 5th. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Stock Performance

The stock’s 50-day moving average is $12.55 and its 200 day moving average is $15.46. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 13.53 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

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.