Kion Group (OTCMKTS:KIGRY) Shares Gap Down – What’s Next?

Kion Group (OTCMKTS:KIGRY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $12.00, but opened at $10.94. Kion Group shares last traded at $10.94, with a volume of 338 shares.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KIGRY. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Morgan Stanley raised shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Finally, DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Kion Group Stock Down 3.6%

The firm has a market capitalization of $5.83 billion, a price-to-earnings ratio of 13.90 and a beta of 2.05. The business has a 50 day moving average of $11.72 and a 200 day moving average of $14.04. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a net margin of 3.26% and a return on equity of 6.09%. On average, equities analysts anticipate that Kion Group will post 0.96 EPS 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.