Kion Group (OTCMKTS:KIGRY) Releases Earnings Results

Kion Group (OTCMKTS:KIGRY) posted its earnings results on Thursday. The company reported $0.22 EPS for the quarter, Zacks reports. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.23 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%.

Kion Group Stock Performance

Shares of OTCMKTS:KIGRY traded down $0.31 on Friday, hitting $9.25. The company’s stock had a trading volume of 1,012 shares, compared to its average volume of 21,702. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 10.88 and a beta of 2.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.00. Kion Group has a 12 month low of $9.15 and a 12 month high of $20.54. The stock’s 50-day moving average is $11.07 and its two-hundred day moving average is $13.12.

Analyst Upgrades and Downgrades

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

Kion Group Company Profile

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.