Kion Group (OTCMKTS:KIGRY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Kion Group (OTCMKTS:KIGRY) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company.

KIGRY has been the subject of several recent research reports. Morgan Stanley raised Kion Group to an “overweight” rating in a report on Tuesday, July 7th. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Citigroup raised shares of Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Barclays reissued an “overweight” rating on shares of Kion Group in a research note on Monday.

Kion Group Stock Down 4.8%

Shares of KIGRY stock opened at $9.47 on Thursday. The stock’s 50 day simple moving average is $11.80 and its 200 day simple moving average is $12.15. Kion Group has a twelve month low of $9.46 and a twelve month high of $20.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.00. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 11.14 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The company had revenue of $3.39 billion for 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%. As a group, research analysts predict that Kion Group will post 0.84 EPS for the current year.

About Kion Group

KION Group AG is a Germany-based provider of industrial trucks, supply chain solutions and warehouse automation technologies. Its products and services include forklift trucks, warehouse equipment, automated material-handling systems, robotics, warehouse management software and related maintenance and support services.

The company operates through two principal segments: Industrial Trucks & Services, which provides products such as counterbalance trucks, warehouse trucks and fleet-management solutions, and Supply Chain Solutions, which develops automated systems and software for distribution centers and logistics operations.