Kion Group (OTCMKTS:KIGRY) Trading 10.2% Higher – Here’s Why

Shares of Kion Group (OTCMKTS:KIGRY) were up 10.2% during trading on Wednesday . The stock traded as high as $12.87 and last traded at $12.87. Approximately 1,130 shares were traded during mid-day trading, a decline of 95% from the average session volume of 23,551 shares. The stock had previously closed at $11.6820.

Analyst Ratings Changes

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

Kion Group Price Performance

The firm has a market cap of $6.77 billion, a P/E ratio of 15.18 and a beta of 2.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77. The company’s 50-day moving average is $11.65 and its two-hundred day moving average is $13.19.

Kion Group (OTCMKTS:KIGRY) last issued its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.33%. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Sell-side analysts anticipate that Kion Group will post 0.95 EPS for the current fiscal 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.