Kion Group (OTCMKTS:KIGRY) Sees Unusually-High Trading Volume – Here’s Why

Kion Group (OTCMKTS:KIGRY) saw unusually-strong trading volume on Friday . 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.

Analyst Ratings Changes

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

Kion Group Stock Performance

The stock has a market capitalization of $5.68 billion, a PE ratio of 13.53 and a beta of 2.04. The firm’s fifty day moving average is $12.49 and its 200-day moving average is $15.42. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

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.