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

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.79, but opened at $12.30. Kion Group shares last traded at $12.4280, with a volume of 6,351 shares.

Analyst Upgrades and Downgrades

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

Kion Group Stock Performance

The stock’s 50-day moving average price is $11.74 and its 200-day moving average price is $12.99. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 14.48 and a beta of 2.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.10.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.33%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. As a group, equities research analysts expect 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.