Kion Group (OTCMKTS:KIGRY) Sees Strong Trading Volume – Here’s Why

Kion Group (OTCMKTS:KIGRY) shares saw an uptick in trading volume on Monday . Approximately 17,120 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 24,352 shares.The stock last traded at $11.5148 and had previously closed at $11.75.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Finally, Oddo Bhf upgraded Kion Group to an “outperform” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Stock Performance

The stock’s 50 day moving average price is $11.58 and its 200 day moving average price is $13.74. The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The firm has a market cap of $5.99 billion, a PE ratio of 13.44 and a beta of 2.05.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. As a group, equities analysts forecast that Kion Group will post 0.95 earnings per share for the current fiscal year.

Kion Group Company Profile

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.