Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Time to Sell?

Kion Group (OTCMKTS:KIGRY) shares gapped down prior to trading on Monday. The stock had previously closed at $10.87, but opened at $9.95. Kion Group shares last traded at $9.97, with a volume of 643 shares.

Wall Street Analyst Weigh In

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

Kion Group Stock Down 1.0%

The stock has a fifty day moving average price of $11.85 and a 200-day moving average price of $12.18. The firm has a market cap of $5.22 billion, a PE ratio of 11.71 and a beta of 2.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.00.

Kion Group (OTCMKTS:KIGRY) last posted 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 for the quarter, compared to analyst estimates of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. Research analysts expect that Kion Group will post 0.95 EPS for the current year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.