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

Kion Group (OTCMKTS:KIGRY)’s share price reached a new 52-week low during mid-day 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 Ratings Changes

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

Kion Group Stock Performance

The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 13.56 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. The stock has a 50 day moving average price of $12.82 and a two-hundred day moving average price of $15.98.

About Kion Group

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.