Kion Group (OTCMKTS:KIGRY) Sees Unusually-High Trading Volume – Time to Buy?

Kion Group (OTCMKTS:KIGRY) shares saw an uptick in trading volume on Tuesday . 54,134 shares changed hands during mid-day trading, an increase of 401% from the previous session’s volume of 10,815 shares.The stock last traded at $18.16 and had previously closed at $18.49.

Wall Street Analyst Weigh In

KIGRY has been the topic of several research analyst reports. DZ Bank downgraded shares of Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a research report on Monday, December 8th. Finally, Citigroup cut shares of Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Kion Group currently has an average rating of “Moderate Buy”.

Kion Group Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $18.93 and a 200 day simple moving average of $17.27. The stock has a market cap of $9.52 billion, a P/E ratio of 31.29 and a beta of 2.17.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.94 billion. Kion Group had a net margin of 2.48% and a return on equity of 4.59%. Sell-side analysts forecast that Kion Group will post 0.78 earnings per share for the current fiscal 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.