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

Shares of Kion Group (OTCMKTS:KIGRY) gapped down prior to trading on Friday . The stock had previously closed at $20.38, but opened at $19.7180. Kion Group shares last traded at $19.6601, with a volume of 373 shares trading hands.

Analyst Ratings Changes

KIGRY has been the topic of several recent analyst reports. Citigroup cut Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Finally, DZ Bank cut Kion Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Kion Group Price Performance

The stock has a market cap of $10.31 billion, a P/E ratio of 33.88 and a beta of 2.17. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97. The firm has a 50-day moving average price of $18.83 and a 200-day moving average price of $17.05.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Kion Group had a return on equity of 4.59% and a net margin of 2.48%. On average, analysts forecast that Kion Group will post 0.78 earnings per share for the current fiscal year.

About Kion Group

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group’s key brands include Linde Material Handling, STILL and Dematic.