Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Time to Sell?

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.79, but opened at $12.30. Kion Group shares last traded at $12.4280, with a volume of 6,351 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Kion Group to an “overweight” rating in a report on Tuesday, July 7th. DZ Bank raised shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, Zacks Research cut shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Kion Group Trading Up 3.1%

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.77 and a current ratio of 1.00. The firm has a 50-day moving average of $11.79 and a 200-day moving average of $12.90. The firm has a market capitalization of $6.63 billion, a P/E ratio of 14.87 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share 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 6.26% and a net margin of 3.36%. On average, equities 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 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.