Kion Group (FRA:KGX) Stock Trades Lower – Here’s the Current Situation

Kion Group AG (FRA:KGX) experienced a minor decline in its stock price, trading down by 0.5% on Friday. The stock hit a low of €31.13 ($32.09) and was last seen trading at €31.69 ($32.67). A total of 204,553 shares changed hands during mid-day trading, while it closed at €31.86 ($32.85) the previous day.

Kion Group Stock Performance Overview

Looking at recent performance, Kion Group's stock has been down by 2.2%. The fifty-day simple moving average stands at €33.95, whereas the two-hundred-day simple moving average is at €35.51, indicating a downtrend over the longer term.

About Kion Group

KION GROUP AG specializes in providing industrial trucks and supply chain solutions across the globe. The company operates through two main segments: Industrial Trucks & Services and Supply Chain Solutions. Their product offerings include a variety of equipment such as forklift trucks, counterbalance trucks powered by electric and internal combustion engines, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles. These products are marketed under well-known brands including Linde, STILL, Baoli, Fenwick, and OM.

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