Kion Group (OTCMKTS:KIGRY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Kion Group (OTCMKTS:KIGRY) saw unusually-high trading volume on Thursday . Approximately 142,017 shares were traded during trading, an increase of 540% from the previous session’s volume of 22,206 shares.The stock last traded at $12.0850 and had previously closed at $11.79.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KIGRY. Morgan Stanley upgraded Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, Zacks Research cut 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, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Kion Group presently has an average rating of “Moderate Buy”.

Kion Group Stock Up 1.4%

The firm has a market cap of $6.27 billion, a P/E ratio of 14.06 and a beta of 2.07. The company’s 50-day simple moving average is $11.98 and its 200 day simple moving average is $12.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68.

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 6.26%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. Research analysts anticipate that Kion Group will post 0.95 EPS for the current fiscal year.

About Kion Group

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.