Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Here’s What Happened

Kion Group (OTCMKTS:KIGRY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $13.15, but opened at $12.00. Kion Group shares last traded at $12.00, with a volume of 1,036 shares traded.

Wall Street Analysts Forecast Growth

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

Kion Group Stock Down 8.5%

The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 24.16 and a beta of 2.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.68. The business has a fifty day moving average of $16.28 and a 200 day moving average of $17.37.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results 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 company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.48 billion. As a group, equities analysts predict that Kion Group will post 0.78 earnings per share for the current year.

Kion Group Company Profile

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.