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

Kion Group (OTCMKTS:KIGRY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.6820, but opened at $12.2550. Kion Group shares last traded at $12.27, with a volume of 404 shares changing hands.

Analyst Upgrades and Downgrades

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

Kion Group Stock Up 5.2%

The firm has a market capitalization of $6.45 billion, a PE ratio of 14.46 and a beta of 2.05. The company has a fifty day moving average price of $11.65 and a 200-day moving average price of $13.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.10.

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

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.