Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Still a Buy?

Kion Group (OTCMKTS:KIGRY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $11.6820, but opened at $12.2550. Kion Group shares last traded at $12.27, with a volume of 404 shares.

Analysts Set New Price Targets

Several research analysts have commented on KIGRY shares. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research report on Monday, May 4th. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kion Group has an average rating of “Moderate Buy”.

Kion Group Stock Up 4.4%

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 company has a market cap of $6.71 billion, a price-to-earnings ratio of 15.05 and a beta of 2.05. The firm’s 50 day simple moving average is $11.67 and its 200-day simple moving average is $13.16.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings data 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 return on equity of 6.33% and a net margin of 3.36%. As a group, sell-side analysts anticipate that Kion Group will post 0.95 earnings per share for the current year.

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.