Kion Group (OTCMKTS:KIGRY) Shares Gap Down – What’s Next?

Kion Group (OTCMKTS:KIGRY) shares gapped down prior to trading on Thursday . The stock had previously closed at $13.9320, but opened at $12.60. Kion Group shares last traded at $12.56, with a volume of 1,012 shares traded.

Wall Street Analysts Forecast Growth

KIGRY has been the topic of several recent research reports. DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Kion Group Stock Down 0.6%

The company has a market cap of $6.52 billion, a P/E ratio of 14.64 and a beta of 2.07. 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 company’s 50-day moving average is $12.00 and its two-hundred day moving average is $12.69.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings data 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 business had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.28 billion. As a group, equities analysts predict that Kion Group will post 0.95 earnings per share 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.