Kion Group (OTCMKTS:KIGRY) Trading Up 7.8% – Should You Buy?

Kion Group (OTCMKTS:KIGRY) shot up 7.8% during trading on Tuesday . The company traded as high as $14.10 and last traded at $14.10. 2,879 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 22,640 shares. The stock had previously closed at $13.0840.

Analyst Ratings Changes

KIGRY has been the subject of a number of research analyst reports. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kion Group currently has an average rating of “Moderate Buy”.

Kion Group Stock Performance

The company has a market capitalization of $7.38 billion, a P/E ratio of 16.55 and a beta of 2.07. The business has a 50 day moving average of $11.88 and a 200 day moving average of $12.81. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. On average, sell-side analysts predict that Kion Group will post 0.95 earnings per share for the current 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.