Kion Group (OTCMKTS:KIGRY) Posts Quarterly Earnings Results

Kion Group (OTCMKTS:KIGRY) announced its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Kion Group had a return on equity of 6.26% and a net margin of 3.36%.

Kion Group Stock Up 2.2%

Shares of KIGRY traded up $0.20 during mid-day trading on Thursday, reaching $9.56. The company’s stock had a trading volume of 14,798 shares, compared to its average volume of 21,798. Kion Group has a 12-month low of $9.15 and a 12-month high of $20.54. The stock has a market cap of $5.02 billion, a PE ratio of 11.25 and a beta of 2.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68. The company’s 50 day moving average is $11.11 and its 200 day moving average is $13.17.

Wall Street Analyst Weigh In

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

About Kion Group

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.