Kion Group (OTCMKTS:KIGRY) Releases Earnings Results

Kion Group (OTCMKTS:KIGRY) issued its quarterly earnings data on Thursday. The company reported $0.25 EPS for the quarter, Zacks reports. Kion Group had a return on equity of 6.09% and a net margin of 3.26%.

Kion Group Trading Down 4.3%

OTCMKTS KIGRY traded down $0.52 on Thursday, reaching $11.48. The stock had a trading volume of 3,136 shares, compared to its average volume of 25,133. Kion Group has a 12-month low of $10.26 and a 12-month high of $20.54. The stock has a fifty day moving average price of $11.74 and a two-hundred day moving average price of $14.10. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 14.35 and a beta of 2.05. The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.22.

Wall Street Analyst Weigh In

KIGRY has been the subject of a number of research reports. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Oddo Bhf raised Kion Group to an “outperform” rating in a research note on Monday, May 4th. Morgan Stanley upgraded Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Finally, DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kion Group currently has a consensus rating of “Moderate Buy”.

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.