Kion Group (OTCMKTS:KIGRY – Get Free Report) shares hit a new 52-week low during trading on Thursday. The company traded as low as $9.30 and last traded at $9.30, with a volume of 220 shares. The stock had previously closed at $9.58.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on KIGRY shares. Morgan Stanley upgraded Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Barclays reaffirmed an “overweight” rating on shares of Kion Group in a research report on Monday, October 5th. Citigroup upgraded Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Zacks Research raised Kion Group from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kion Group currently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on KIGRY
Kion Group Price Performance
The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average is $11.50 and its two-hundred day moving average is $11.99. The company has a market capitalization of $4.95 billion, a P/E ratio of 11.11 and a beta of 2.08.
Kion Group (OTCMKTS:KIGRY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. The business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.28 billion. As a group, analysts predict that Kion Group will post 0.84 earnings per share for the current year.
About Kion Group
KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.
The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.
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