Kion Group (OTCMKTS:KIGRY) Announces Quarterly Earnings Results

Kion Group (OTCMKTS:KIGRY) announced its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, Zacks reports. Kion Group had a net margin of 3.36% and a return on equity of 6.26%.

Kion Group Trading Up 2.2%

KIGRY traded up $0.20 during trading hours on Thursday, reaching $9.56. 14,845 shares of the company’s stock traded hands, compared to its average volume of 21,798. The firm has a 50-day moving average price of $11.11 and a 200 day moving average price of $13.17. Kion Group has a 52-week low of $9.15 and a 52-week high of $20.54. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.02 billion, a PE ratio of 11.25 and a beta of 2.08.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KIGRY shares. Zacks Research raised Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Barclays reissued an “overweight” rating on shares of Kion Group in a report on Monday, October 5th. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About Kion Group

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.