Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Should You Buy?

Kion Group (OTCMKTS:KIGRY)’s stock price gapped up before the market opened 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 changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Citigroup downgraded shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Finally, Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kion Group Trading Up 1.2%

The stock’s fifty day simple moving average is $16.39 and its two-hundred day simple moving average is $17.40. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The firm has a market cap of $6.98 billion, a PE ratio of 26.62 and a beta of 2.19.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.15 EPS for the quarter. Kion Group had a return on equity of 4.00% and a net margin of 2.12%.The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.48 billion. On average, sell-side analysts forecast that Kion Group will post 0.78 EPS for the current fiscal year.

About Kion Group

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.