Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Should You Sell?

Shares of Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Thursday . The stock had previously closed at $18.80, but opened at $16.60. Kion Group shares last traded at $16.75, with a volume of 1,208 shares.

Analyst Ratings Changes

A number of research analysts have recently 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 restated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Jefferies Financial Group lowered shares of Kion Group to an “underperform” rating in a research report on Sunday, January 25th. Finally, Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kion Group presently has a consensus rating of “Hold”.

Kion Group Stock Performance

The stock’s fifty day simple moving average is $19.05 and its two-hundred day simple moving average is $17.86. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 28.57 and a beta of 2.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97.

Kion Group (OTCMKTS:KIGRY) last issued its 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 4.59% and a net margin of 2.48%. Equities research analysts anticipate that Kion Group will post 0.78 EPS for the current year.

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.