Kion Group (OTCMKTS:KIGRY) Shares Gap Down – What’s Next?

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Wednesday. The stock had previously closed at $9.9750, but opened at $9.5505. Kion Group shares last traded at $9.5550, with a volume of 728 shares.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KIGRY shares. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 2nd. Barclays reissued an “overweight” rating on shares of Kion Group in a research report on Monday, October 5th. Finally, Citigroup upgraded shares of Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, five 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, the stock currently has a consensus rating of “Moderate Buy”.

Kion Group Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 11.56 and a beta of 2.08. The company’s 50-day moving average is $10.62 and its 200-day moving average is $12.76.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.22 EPS for the quarter. Kion Group had a net margin of 3.19% and a return on equity of 5.95%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. Equities research analysts predict that Kion Group will post 0.79 earnings per share for the current year.

Kion Group Company Profile

KION Group is a Germany-based provider of industrial trucks, warehouse equipment and supply chain automation solutions. Its offerings include forklifts and other material-handling vehicles, as well as systems and software designed to help businesses manage warehouse operations and the movement of goods. The company operates through well-known brands including Linde Material Handling, STILL and Dematic. Its products and services support customers across industries such as manufacturing, retail and logistics, from individual equipment needs to automated warehouse and distribution systems.