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

Shares of Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Thursday . The stock had previously closed at $13.15, but opened at $12.00. Kion Group shares last traded at $12.00, with a volume of 1,036 shares traded.

Analysts Set New Price Targets

KIGRY has been the topic of a number of research reports. Citigroup lowered shares of Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Finally, Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kion Group presently has a consensus rating of “Hold”.

Kion Group Price Performance

The stock’s 50-day moving average price is $16.28 and its 200 day moving average price is $17.37. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 24.16 and a beta of 2.19.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.00%. Equities research analysts expect that Kion Group will post 0.78 earnings per share for the current fiscal 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.