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

Shares of Kion Group (OTCMKTS:KIGRY) hit a new 52-week low during trading on Thursday . The stock traded as low as $10.78 and last traded at $10.85, with a volume of 6711 shares. The stock had previously closed at $11.08.

Analyst Upgrades and Downgrades

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

Kion Group Stock Down 2.1%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $12.82 and a 200-day simple moving average of $15.98. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 13.56 and a beta of 2.04.

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.