Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Time to Sell?

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Wednesday. The stock had previously closed at $9.9750, but opened at $9.5505. Kion Group shares last traded at $9.5550, with a volume of 728 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Barclays reissued an “overweight” rating on shares of Kion Group in a research note on Monday, October 5th. Finally, Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Kion Group Trading Down 3.5%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68. The firm’s fifty day moving average is $10.62 and its 200-day moving average is $12.76. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 11.56 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Kion Group had a return on equity of 5.95% and a net margin of 3.19%. Equities analysts anticipate that Kion Group will post 0.79 earnings per share for the current year.

About Kion Group

KION Group is a Germany-based provider of industrial trucks, warehouse equipment and supply chain automation solutions. Its offerings include forklifts and other material-handling vehicles, as well as systems and software designed to help businesses manage warehouse operations and the movement of goods. The company operates through well-known brands including Linde Material Handling, STILL and Dematic. Its products and services support customers across industries such as manufacturing, retail and logistics, from individual equipment needs to automated warehouse and distribution systems.