Kion Group (OTCMKTS:KIGRY) Sees Unusually-High Trading Volume – Still a Buy?

Kion Group (OTCMKTS:KIGRY) saw unusually-strong trading volume on Thursday . Approximately 142,017 shares changed hands during mid-day trading, an increase of 540% from the previous session’s volume of 22,206 shares.The stock last traded at $12.0850 and had previously closed at $11.79.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KIGRY shares. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Citigroup upgraded Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Kion Group Stock Down 2.5%

The firm has a market cap of $6.09 billion, a PE ratio of 13.66 and a beta of 2.07. The company has a 50-day simple moving average of $11.99 and a 200-day simple moving average of $12.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68.

Kion Group (OTCMKTS:KIGRY) last issued 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 firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.28 billion. Analysts expect 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.