Kion Group (OTCMKTS:KIGRY) Sees Strong Trading Volume – Time to Buy?

Kion Group (OTCMKTS:KIGRY) shares saw unusually-high trading volume on Wednesday . Approximately 190,636 shares changed hands during trading, an increase of 302% from the previous session’s volume of 47,460 shares.The stock last traded at $18.75 and had previously closed at $18.68.

Analyst Ratings Changes

Several research analysts have recently weighed in on KIGRY shares. Citigroup downgraded shares of Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Jefferies Financial Group lowered shares of Kion Group to an “underperform” rating in a research note on Sunday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. Finally, DZ Bank cut Kion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kion Group Stock Down 0.2%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.63. The stock has a market cap of $9.78 billion, a price-to-earnings ratio of 32.16 and a beta of 2.17. The business has a fifty day moving average of $19.03 and a 200 day moving average of $17.41.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.25 EPS for the quarter. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $2.94 billion. Kion Group had a net margin of 2.48% and a return on equity of 4.59%. On average, equities analysts predict that Kion Group will post 0.78 earnings per share for the current 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.