Kion Group (OTCMKTS:KIGRY) Sees Strong Trading Volume – Here’s What Happened

Shares of Kion Group (OTCMKTS:KIGRY) saw an uptick in trading volume on Monday . 17,120 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 24,352 shares.The stock last traded at $11.5148 and had previously closed at $11.75.

Analyst Ratings Changes

Several equities analysts recently weighed in on KIGRY shares. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research report on Monday, May 4th. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. Finally, DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Kion Group Stock Up 3.0%

The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $11.56 and a 200-day simple moving average of $13.65. The stock has a market cap of $6.18 billion, a P/E ratio of 13.87 and a beta of 2.05.

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 business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.33%. Analysts expect that Kion Group will post 0.95 EPS for the current 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.