Kion Group (OTCMKTS:KIGRY) Posts Quarterly Earnings Results

Kion Group (OTCMKTS:KIGRY) released its earnings results on Thursday. The company reported $0.15 EPS for the quarter, Zacks reports. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a return on equity of 4.03% and a net margin of 2.12%.

Kion Group Price Performance

Shares of OTCMKTS:KIGRY opened at $16.91 on Friday. The firm has a market capitalization of $8.87 billion, a PE ratio of 33.82 and a beta of 2.18. The company has a quick ratio of 0.63, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $18.94 and a two-hundred day moving average price of $17.85. Kion Group has a twelve month low of $7.66 and a twelve month high of $20.54.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KIGRY. DZ Bank downgraded shares of Kion Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a research report on Monday, December 8th. Jefferies Financial Group cut shares of Kion Group from a “moderate sell” rating to a “strong sell” rating in a report on Thursday. Finally, Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Kion Group

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.