Kion Group (OTCMKTS:KIGRY) Sets New 12-Month Low – What’s Next?

Kion Group (OTCMKTS:KIGRY) shares reached a new 52-week low during mid-day trading on Friday. The company traded as low as $9.13 and last traded at $9.1505, with a volume of 8,230 shares traded. The stock had previously closed at $9.5630.

Analyst Ratings Changes

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

Kion Group Stock Down 4.1%

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 has a market cap of $4.81 billion, a PE ratio of 11.18 and a beta of 2.08. The business has a 50 day moving average price of $11.02 and a 200 day moving average price of $13.07.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $3.26 billion during 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 research analysts expect that Kion Group will post 0.84 EPS for the current fiscal year.

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.