Kion Group (OTCMKTS:KIGRY) Posts Quarterly Earnings Results

Kion Group (OTCMKTS:KIGRY) posted its earnings results on Thursday. The company reported $0.25 earnings per share for the quarter, Zacks reports. Kion Group had a net margin of 3.26% and a return on equity of 6.09%.

Kion Group Price Performance

Shares of OTCMKTS:KIGRY traded down $0.52 during midday trading on Thursday, reaching $11.48. The company’s stock had a trading volume of 3,002 shares, compared to its average volume of 25,133. Kion Group has a fifty-two week low of $10.26 and a fifty-two week high of $20.54. The company has a market capitalization of $6.02 billion, a P/E ratio of 14.35 and a beta of 2.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77. The business’s fifty day simple moving average is $11.74 and its 200-day simple moving average is $14.10.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KIGRY shares. Morgan Stanley raised shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. 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 cut shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Oddo Bhf raised Kion Group to an “outperform” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kion Group currently 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.