Kion Group (OTCMKTS:KIGRY) Issues Earnings Results

Kion Group (OTCMKTS:KIGRY) posted its quarterly earnings results on Thursday. The company reported $0.15 EPS for the quarter, Zacks reports. Kion Group had a net margin of 2.48% and a return on equity of 4.59%.

Kion Group Stock Performance

Shares of OTCMKTS KIGRY traded down $2.01 during trading hours on Thursday, reaching $16.60. The stock had a trading volume of 7,934 shares, compared to its average volume of 52,916. The firm has a 50-day moving average of $19.05 and a 200-day moving average of $17.86. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 28.61 and a beta of 2.18. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Kion Group has a fifty-two week low of $7.66 and a fifty-two week high of $20.54.

Analysts Set New Price Targets

A number of brokerages recently commented on KIGRY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. DZ Bank downgraded Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Jefferies Financial Group cut Kion Group to an “underperform” rating in a research note on Sunday, January 25th. Finally, Citigroup lowered shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Kion Group currently has a consensus rating of “Hold”.

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.