Kion Group (OTCMKTS:KIGRY) Shares Down 8.6% – Here’s What Happened

Kion Group (OTCMKTS:KIGRY) shares dropped 8.6% during trading on Monday . The company traded as low as $12.0650 and last traded at $12.0650. Approximately 154 shares were traded during trading, a decline of 100% from the average daily volume of 39,806 shares. The stock had previously closed at $13.20.

Wall Street Analyst Weigh In

KIGRY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. 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 downgraded Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kion Group has an average rating of “Hold”.

Kion Group Trading Down 0.0%

The stock’s 50-day moving average price is $15.99 and its 200 day moving average price is $17.31. 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 firm has a market capitalization of $6.35 billion, a PE ratio of 24.23 and a beta of 2.21.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a return on equity of 4.00% and a net margin of 2.12%. On average, sell-side analysts expect that Kion Group will post 0.78 EPS 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.