Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Here’s Why

Shares of Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Friday . The stock had previously closed at $20.38, but opened at $19.7180. Kion Group shares last traded at $19.6601, with a volume of 373 shares.

Analyst Ratings Changes

Several research firms recently weighed in on KIGRY. DZ Bank cut shares of Kion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a research report on Monday, December 8th. Finally, Citigroup cut Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Price Performance

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 company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 33.86 and a beta of 2.17. The company has a 50-day moving average price of $18.80 and a 200-day moving average price of $16.96.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, October 30th. The company reported $0.25 earnings per share for the quarter. Kion Group had a return on equity of 4.59% and a net margin of 2.48%.The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $2.94 billion. On average, equities research analysts expect that Kion Group will post 0.78 EPS for the current fiscal 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.