Kion Group (OTCMKTS:KIGRY) Hits New 1-Year Low – Here’s What Happened

Kion Group (OTCMKTS:KIGRY)’s stock price reached a new 52-week low during trading on Thursday. The stock traded as low as $9.46 and last traded at $9.4728, with a volume of 9,644 shares changing hands. The stock had previously closed at $9.95.

Analyst Ratings Changes

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

Kion Group Trading Up 1.1%

The business has a 50 day moving average of $11.73 and a 200 day moving average of $12.11. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 11.24 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. The business had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.28 billion. On average, research analysts forecast that Kion Group will post 0.84 earnings per share for the current fiscal year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.