Kion Group (OTCMKTS:KIGRY) Posts Quarterly Earnings Results

Kion Group (OTCMKTS:KIGRY) announced its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. Kion Group had a net margin of 3.36% and a return on equity of 6.33%. The business had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.28 billion.

Kion Group Price Performance

OTCMKTS KIGRY traded down $0.28 on Friday, hitting $11.25. 3,331 shares of the company were exchanged, compared to its average volume of 6,840. Kion Group has a 1-year low of $10.26 and a 1-year high of $20.54. The firm has a 50 day moving average of $11.69 and a two-hundred day moving average of $14.02. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.90 billion, a P/E ratio of 13.24 and a beta of 2.05.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. Oddo Bhf raised Kion Group to an “outperform” rating in a report on Monday, May 4th. Finally, Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.