Kion Group (OTCMKTS:KIGRY) Sets New 12-Month Low – Here’s What Happened

Kion Group (OTCMKTS:KIGRY) shares reached a new 52-week low on Friday. The stock traded as low as $10.00 and last traded at $10.05, with a volume of 7178 shares traded. The stock had previously closed at $10.87.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on KIGRY shares. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 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, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Kion Group Stock Down 7.4%

The firm’s 50-day moving average price is $11.96 and its 200 day moving average price is $12.24. The firm has a market cap of $5.28 billion, a P/E ratio of 11.85 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. As a group, research analysts expect that Kion Group will post 0.95 earnings per share for the current year.

About Kion Group

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.