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

Kion Group (OTCMKTS:KIGRY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $11.98, but opened at $11.40. Kion Group shares last traded at $11.40, with a volume of 2,503 shares changing hands.

Wall Street Analyst Weigh In

KIGRY has been the topic of several research analyst reports. Zacks Research lowered Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Citigroup upgraded shares of Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Kion Group Price Performance

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 company has a 50 day simple moving average of $12.00 and a 200-day simple moving average of $12.37. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 13.22 and a beta of 2.07.

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

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment and supply chain solutions. The company develops and supplies forklifts, warehouse trucks and related material-handling equipment, along with fleet-management technologies, replacement parts, maintenance, leasing and other lifecycle services.

KION also provides automated supply chain and warehouse solutions through its Dematic business. These offerings include automated storage and retrieval systems, conveyors, sortation equipment, robotics, warehouse-management software and integrated systems designed to help distribution centers and manufacturing facilities manage the movement of goods.

The company serves customers across manufacturing, retail, wholesale, logistics and other industries in markets around the world.