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

Kion Group (OTCMKTS:KIGRY)’s share price 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 trading hands.

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

Kion Group Stock Up 0.7%

The company’s fifty day simple moving average is $12.18 and its 200 day simple moving average is $14.90. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $6.12 billion, a P/E ratio of 14.59 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.