Kion Group (OTCMKTS:KIGRY) Reaches New 52-Week Low – What’s Next?

Shares of Kion Group (OTCMKTS:KIGRY) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $9.30 and last traded at $9.30, with a volume of 220 shares changing hands. The stock had previously closed at $9.58.

Analyst Ratings Changes

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

Kion Group Stock Down 2.4%

The stock has a market capitalization of $4.87 billion, a P/E ratio of 10.93 and a beta of 2.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68. The stock’s fifty day moving average is $11.60 and its two-hundred day moving average is $12.03.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a return on equity of 6.26% and a net margin of 3.36%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.28 billion. As a group, research analysts predict that Kion Group will post 0.84 earnings per share for the current fiscal year.

About Kion Group

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.