Kion Group (OTCMKTS:KIGRY) Shares Gap Up – What’s Next?

Kion Group (OTCMKTS:KIGRY) shares gapped up prior to trading on Friday . The stock had previously closed at $12.6370, but opened at $13.20. Kion Group shares last traded at $13.23, with a volume of 1,303 shares traded.

Wall Street Analyst Weigh In

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

Kion Group Price Performance

The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 15.59 and a beta of 2.07. The stock has a 50-day moving average price of $11.79 and a two-hundred day moving average price of $12.90.

Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a return on equity of 6.26% and a net margin of 3.36%.The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.28 billion. As a group, equities research analysts forecast that Kion Group will post 0.95 EPS 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.