Kion Group (OTCMKTS:KIGRY) Sets New 12-Month Low – Here’s What Happened

Kion Group (OTCMKTS:KIGRY)’s share price hit a new 52-week low on Friday. The stock traded as low as $10.00 and last traded at $10.05, with a volume of 7178 shares changing hands. The stock had previously closed at $10.87.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Stock Down 7.4%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68. The firm has a market capitalization of $5.28 billion, a P/E ratio of 11.85 and a beta of 2.08. The firm’s fifty day moving average price is $11.96 and its 200-day moving average price is $12.24.

Kion Group (OTCMKTS:KIGRY) last released its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. Kion Group had a return on equity of 6.26% and a net margin of 3.36%.The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. As a group, equities research analysts forecast that Kion Group will post 0.95 earnings per share for the current year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.