Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Here’s Why

Shares of Kion Group (OTCMKTS:KIGRY) gapped down prior to trading on Wednesday. The stock had previously closed at $9.9750, but opened at $9.5505. Kion Group shares last traded at $9.5550, with a volume of 728 shares trading hands.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays restated an “overweight” rating on shares of Kion Group in a research report on Monday, October 5th. Zacks Research downgraded Kion Group from a “hold” rating to a “strong sell” rating in a report on Monday, November 2nd. Finally, Citigroup upgraded Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kion Group presently has an average rating of “Moderate Buy”.

Kion Group Price Performance

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 stock has a market cap of $4.86 billion, a P/E ratio of 11.60 and a beta of 2.08. The company’s 50 day simple moving average is $10.51 and its 200 day simple moving average is $12.66.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, October 29th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. Kion Group had a net margin of 3.19% and a return on equity of 5.95%. As a group, equities analysts forecast that Kion Group will post 0.79 earnings per share for the current year.

About Kion Group

KION Group is a Germany-based provider of industrial trucks, warehouse equipment and supply chain automation solutions. Its offerings include forklifts and other material-handling vehicles, as well as systems and software designed to help businesses manage warehouse operations and the movement of goods. The company operates through well-known brands including Linde Material Handling, STILL and Dematic. Its products and services support customers across industries such as manufacturing, retail and logistics, from individual equipment needs to automated warehouse and distribution systems.