Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Here’s Why

Kion Group (OTCMKTS:KIGRY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $12.42, but opened at $13.35. Kion Group shares last traded at $13.25, with a volume of 654 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on KIGRY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Citigroup lowered Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One investment 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. According to MarketBeat.com, Kion Group currently has an average rating of “Hold”.

Kion Group Trading Down 8.2%

The business’s 50-day moving average price is $16.14 and its 200-day moving average price is $17.33. The firm has a market capitalization of $6.36 billion, a PE ratio of 24.24 and a beta of 2.21. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.15 EPS for the quarter. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.00%. As a group, analysts expect 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.