Kion Group (OTCMKTS:KIGRY) Sees Strong Trading Volume – Should You Buy?

Kion Group (OTCMKTS:KIGRY) shares saw unusually-high trading volume on Wednesday . Approximately 190,636 shares changed hands during mid-day trading, an increase of 302% from the previous session’s volume of 47,460 shares.The stock last traded at $18.75 and had previously closed at $18.68.

Analysts Set New Price Targets

Several brokerages have issued reports on KIGRY. Citigroup lowered Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. DZ Bank cut Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Jefferies Financial Group downgraded shares of Kion Group to an “underperform” rating in a research report on Sunday, January 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kion Group presently has an average rating of “Hold”.

Kion Group Trading Down 2.5%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97. The firm has a 50 day simple moving average of $19.08 and a two-hundred day simple moving average of $17.43. The firm has a market capitalization of $9.19 billion, a P/E ratio of 30.22 and a beta of 2.17.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a net margin of 2.48% and a return on equity of 4.59%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $2.94 billion. Equities research analysts forecast 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.