Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Should You Sell?

Kion Group (OTCMKTS:KIGRY) shares gapped down prior to trading on Thursday. The stock had previously closed at $11.98, but opened at $11.40. Kion Group shares last traded at $11.40, with a volume of 2,503 shares trading hands.

Analyst Ratings Changes

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

Kion Group Trading Up 0.9%

The firm has a market capitalization of $5.93 billion, a P/E ratio of 13.31 and a beta of 2.07. The stock has a 50-day simple moving average of $11.99 and a two-hundred day simple moving average of $12.33. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. The business had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. On average, equities research analysts anticipate that Kion Group will post 0.95 earnings per share for the current year.

Kion Group Company Profile

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.