Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Still a Buy?

Kion Group (OTCMKTS:KIGRY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $12.42, but opened at $13.35. Kion Group shares last traded at $13.25, with a volume of 654 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on KIGRY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Citigroup cut Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Kion Group Trading Up 1.2%

The stock’s fifty day simple moving average is $16.39 and its 200 day simple moving average is $17.40. The firm has a market capitalization of $6.98 billion, a PE ratio of 26.62 and a beta of 2.19. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. Kion Group had a return on equity of 4.00% and a net margin of 2.12%.The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.48 billion. On average, sell-side analysts predict that Kion Group will post 0.78 earnings per share 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.