Kion Group (OTCMKTS:KIGRY) Sets New 52-Week High – Here’s What Happened

Kion Group (OTCMKTS:KIGRY) hit a new 52-week high on Wednesday . The stock traded as high as $19.2901 and last traded at $19.29, with a volume of 6815 shares traded. The stock had previously closed at $18.9875.

Analysts Set New Price Targets

KIGRY has been the subject of a number of research analyst reports. Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. DZ Bank downgraded shares of Kion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kion Group in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Kion Group presently has a consensus rating of “Moderate Buy”.

Kion Group Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The firm has a 50-day simple moving average of $17.33 and a 200 day simple moving average of $15.85. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 33.59 and a beta of 2.19.

Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a net margin of 2.48% and a return on equity of 4.59%. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $2.94 billion. On average, sell-side analysts predict that Kion Group will post 0.78 earnings per share for the current fiscal year.

Kion Group Company Profile

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.