Kion Group (OTCMKTS:KIGRY) Reaches New 12-Month Low – Should You Sell?

Kion Group (OTCMKTS:KIGRY)’s stock price reached a new 52-week low on Thursday. The company traded as low as $9.30 and last traded at $9.30, with a volume of 220 shares trading hands. The stock had previously closed at $9.58.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research upgraded Kion Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. Barclays reiterated an “overweight” rating on shares of Kion Group in a report on Monday, October 5th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Stock Performance

The firm’s 50-day simple moving average is $11.60 and its two-hundred day simple moving average is $12.03. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $4.87 billion, a PE ratio of 10.93 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY) last released its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.28 billion. Kion Group had a return on equity of 6.26% and a net margin of 3.36%. On average, equities research analysts expect that Kion Group will post 0.84 earnings per share for the current fiscal year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.