Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

Kion Group (OTCMKTS:KIGRY – Get Free Report)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $13.9320, but opened at $12.60. Kion Group shares last traded at $12.56, with a volume of 1,012 shares.

Analyst Upgrades and Downgrades

KIGRY has been the topic of several recent analyst reports. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Zacks Research cut shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Morgan Stanley raised shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Finally, Citigroup upgraded shares of Kion Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kion Group has an average rating of “Moderate Buy”.

Get Our Latest Stock Report on KIGRY

Kion Group Price Performance

The firm has a 50 day moving average price of $11.98 and a 200 day moving average price of $12.74. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.56 billion, a P/E ratio of 14.71 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRY – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.28 billion. On average, analysts forecast that Kion Group will post 0.95 EPS for the current fiscal year.

Kion Group Company Profile

(Get Free Report)

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.

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