Kion Group (OTCMKTS:KIGRY) Hits New 52-Week Low – Here’s Why

Shares of Kion Group (OTCMKTS:KIGRY) hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $9.21 and last traded at $9.21, with a volume of 19,810 shares. The stock had previously closed at $9.75.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KIGRY. Zacks Research upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Barclays reissued an “overweight” rating on shares of Kion Group in a research note on Monday, October 5th. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, Morgan Stanley raised Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Kion Group Trading Down 5.0%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68. The stock’s 50-day moving average is $11.38 and its two-hundred day moving average is $11.92. The stock has a market cap of $4.86 billion, a P/E ratio of 10.89 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. Equities research analysts anticipate that Kion Group will post 0.84 EPS for the current year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.