Kion Group (OTCMKTS:KIGRY) Reaches New 52-Week Low – Time to Sell?

Shares of Kion Group (OTCMKTS:KIGRY) hit a new 52-week low during trading on Thursday. The company traded as low as $9.21 and last traded at $9.21, with a volume of 19,810 shares trading hands. The stock had previously closed at $9.75.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KIGRY. Zacks Research raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 8th. Barclays restated an “overweight” rating on shares of Kion Group in a report on Monday, October 5th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Stock Down 1.2%

The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.81 billion, a P/E ratio of 10.79 and a beta of 2.08. The stock’s 50-day simple moving average is $11.27 and its 200-day simple moving average is $11.88.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. The firm had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.28 billion. As a group, research analysts predict that Kion Group will post 0.84 earnings per share for the current fiscal year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.