Kion Group (OTCMKTS:KIGRY) Announces Earnings Results

Kion Group (OTCMKTS:KIGRY) issued its quarterly earnings data on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, Zacks reports. Kion Group had a net margin of 2.48% and a return on equity of 4.59%.

Kion Group Stock Performance

Shares of KIGRY traded down $2.01 during mid-day trading on Thursday, hitting $16.60. The stock had a trading volume of 7,934 shares, compared to its average volume of 52,916. Kion Group has a fifty-two week low of $7.66 and a fifty-two week high of $20.54. The company has a quick ratio of 0.63, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $8.70 billion, a PE ratio of 28.61 and a beta of 2.18. The company’s fifty day simple moving average is $19.05 and its two-hundred day simple moving average is $17.86.

Analysts Set New Price Targets

A number of analysts have weighed in on KIGRY shares. DZ Bank cut Kion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Jefferies Financial Group downgraded shares of Kion Group to an “underperform” rating in a research note on Sunday, January 25th. Finally, Citigroup lowered shares of Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Kion Group

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.