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

Kion Group (OTCMKTS:KIGRYGet Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $12.6370, but opened at $13.20. Kion Group shares last traded at $13.23, with a volume of 1,303 shares trading hands.

Wall Street Analysts Forecast Growth

KIGRY has been the topic of a number of analyst reports. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

View Our Latest Stock Analysis on KIGRY

Kion Group Stock Up 4.9%

The firm has a market capitalization of $6.95 billion, a PE ratio of 15.59 and a beta of 2.07. The company has a fifty day simple moving average of $11.79 and a two-hundred day simple moving average of $12.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.00.

Kion Group (OTCMKTS:KIGRYGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The firm had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.28 billion. Kion Group had a return on equity of 6.26% and a net margin of 3.36%. Analysts forecast that Kion Group will post 0.95 EPS for the current fiscal year.

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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