Kion Group (OTCMKTS:KIGRY) Sees Unusually-High Trading Volume – Still a Buy?

Kion Group (OTCMKTS:KIGRY) shares saw unusually-strong trading volume on Wednesday . Approximately 190,636 shares were traded during trading, an increase of 302% from the previous session’s volume of 47,460 shares.The stock last traded at $18.75 and had previously closed at $18.68.

Wall Street Analyst Weigh In

KIGRY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Jefferies Financial Group downgraded shares of Kion Group to an “underperform” rating in a research report on Sunday. Citigroup lowered shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, DZ Bank lowered shares of Kion Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Kion Group presently has a consensus rating of “Hold”.

Kion Group Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97. The company’s 50 day moving average price is $19.03 and its 200-day moving average price is $17.41. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 32.16 and a beta of 2.17.

Kion Group (OTCMKTS:KIGRY) last issued its earnings results on Thursday, October 30th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Kion Group had a net margin of 2.48% and a return on equity of 4.59%. On average, equities research analysts forecast that Kion Group will post 0.78 earnings per share for the current fiscal year.

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.