Kion Group (OTCMKTS:KIGRY) Sets New 52-Week Low – Time to Sell?

Kion Group (OTCMKTS:KIGRY)’s share price hit a new 52-week low during trading on Friday. The stock traded as low as $9.13 and last traded at $9.1505, with a volume of 8,230 shares changing hands. The stock had previously closed at $9.5630.

Analysts Set New Price Targets

KIGRY has been the subject of several recent research reports. Zacks Research raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Barclays reissued an “overweight” rating on shares of Kion Group in a report on Monday, October 5th. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley upgraded 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 assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Kion Group Stock Performance

The company has a market cap of $4.81 billion, a P/E ratio of 10.79 and a beta of 2.08. The stock has a fifty day moving average price of $11.07 and a two-hundred day moving average price of $13.12. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.22 earnings per share 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 $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. On average, equities analysts forecast 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, 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.