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

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Thursday . The stock had previously closed at $18.80, but opened at $16.60. Kion Group shares last traded at $16.75, with a volume of 1,208 shares trading hands.

Wall Street Analyst Weigh In

KIGRY has been the subject of a number of recent research reports. Citigroup lowered Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. DZ Bank downgraded shares of Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Jefferies Financial Group lowered Kion Group to an “underperform” rating in a research note on Sunday, January 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Kion Group presently has an average rating of “Hold”.

Kion Group Stock Performance

The firm has a 50-day simple moving average of $19.05 and a two-hundred day simple moving average of $17.86. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 28.57 and a beta of 2.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97.

Kion Group (OTCMKTS:KIGRY) last issued its earnings results on Thursday, February 26th. The company reported $0.15 EPS for the quarter. Kion Group had a net margin of 2.48% and a return on equity of 4.59%. On average, sell-side analysts anticipate that Kion Group will post 0.78 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.