Kion Group (OTCMKTS:KIGRY) Releases Quarterly Earnings Results

Kion Group (OTCMKTS:KIGRY) released its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, Zacks reports. Kion Group had a return on equity of 6.26% and a net margin of 3.36%.

Kion Group Stock Up 2.2%

Shares of OTCMKTS:KIGRY traded up $0.20 during trading on Thursday, hitting $9.56. The company’s stock had a trading volume of 14,798 shares, compared to its average volume of 21,798. Kion Group has a fifty-two week low of $9.15 and a fifty-two week high of $20.54. The business has a 50 day moving average price of $11.11 and a two-hundred day moving average price of $13.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.00. The company has a market capitalization of $5.02 billion, a PE ratio of 11.25 and a beta of 2.08.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Zacks Research raised Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Barclays reaffirmed an “overweight” rating on shares of Kion Group in a research report on Monday, October 5th. Citigroup upgraded shares of Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Kion Group presently has a consensus rating of “Moderate Buy”.

About Kion Group

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.