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

Kion Group (OTCMKTS:KIGRY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $13.8730, but opened at $13.14. Kion Group shares last traded at $13.14, with a volume of 199 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Jefferies Financial Group upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kion Group presently has a consensus rating of “Hold”.

Kion Group Trading Down 4.4%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The firm’s 50 day moving average price is $14.57 and its 200 day moving average price is $16.94. The stock has a market capitalization of $6.69 billion, a P/E ratio of 25.52 and a beta of 2.21.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.48 billion. Kion Group had a return on equity of 4.00% and a net margin of 2.12%. As a group, equities research analysts expect that Kion Group will post 0.96 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.