Kion Group (OTCMKTS:KIGRY) Short Interest Down 93.0% in May

Kion Group (OTCMKTS:KIGRYGet Free Report) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 739 shares, a decline of 93.0% from the April 30th total of 10,596 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,544 shares, the days-to-cover ratio is currently 0.0 days.

Kion Group Price Performance

Shares of Kion Group stock traded down $0.06 on Wednesday, hitting $12.82. The company’s stock had a trading volume of 14,758 shares, compared to its average volume of 29,213. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.99. Kion Group has a 1 year low of $11.46 and a 1 year high of $20.54. The firm has a fifty day moving average price of $13.04 and a 200-day moving average price of $16.44. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 16.03 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRYGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.15 earnings per share for the quarter. Kion Group had a return on equity of 6.19% and a net margin of 3.26%.The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.48 billion. As a group, sell-side analysts anticipate that Kion Group will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group raised Kion Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kion Group presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on KIGRY

Kion Group Company Profile

(Get Free Report)

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.

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