Kion Group (OTCMKTS:KIGRY) Trading 7.8% Higher – What’s Next?

Kion Group (OTCMKTS:KIGRY) shares were up 7.8% on Tuesday . The stock traded as high as $14.10 and last traded at $14.10. Approximately 2,879 shares changed hands during trading, a decline of 87% from the average daily volume of 22,640 shares. The stock had previously closed at $13.0840.

Analyst Ratings Changes

KIGRY has been the topic of a number of research reports. Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Stock Performance

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 stock’s fifty day moving average is $11.98 and its two-hundred day moving average is $12.74. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 15.68 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The company had revenue of $3.39 billion during 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 6.26%. On average, analysts predict that Kion Group will post 0.95 earnings per share for the current year.

About Kion Group

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.