Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Here’s Why

Kion Group (OTCMKTS:KIGRY) shares gapped down before the market opened on Thursday . The stock had previously closed at $13.9320, but opened at $12.60. Kion Group shares last traded at $12.56, with a volume of 1,012 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. Finally, Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Kion Group Price Performance

The firm has a fifty day moving average of $11.98 and a two-hundred day moving average of $12.74. The stock has a market capitalization of $6.56 billion, a P/E ratio of 14.71 and a beta of 2.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. On average, analysts predict 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.