Kion Group (OTCMKTS:KIGRY) Trading 10.2% Higher – Here’s What Happened

Shares of Kion Group (OTCMKTS:KIGRY) were up 10.2% during mid-day trading on Wednesday . The stock traded as high as $12.87 and last traded at $12.87. 1,130 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 23,551 shares. The stock had previously closed at $11.6820.

Wall Street Analysts Forecast Growth

Several research firms have commented on KIGRY. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Morgan Stanley raised Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. Oddo Bhf upgraded Kion Group to an “outperform” rating in a research note on Monday, May 4th. Finally, DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kion Group currently has a consensus rating of “Moderate Buy”.

Kion Group Trading Up 1.2%

The company’s fifty day moving average is $11.69 and its 200-day moving average is $13.12. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6.79 billion, a P/E ratio of 15.22 and a beta of 2.05.

Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.33%. As a group, sell-side analysts anticipate that Kion Group will post 0.95 earnings per share for the current fiscal 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.