Kion Group (OTCMKTS:KIGRY) Shares Gap Down – Time to Sell?

Kion Group (OTCMKTS:KIGRY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $13.15, but opened at $12.00. Kion Group shares last traded at $12.00, with a volume of 1,036 shares.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KIGRY. Citigroup cut shares of Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Jefferies Financial Group upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Kion Group currently has an average rating of “Hold”.

Kion Group Price Performance

The company has a market cap of $6.36 billion, a price-to-earnings ratio of 24.24 and a beta of 2.21. The stock has a 50-day simple moving average of $15.99 and a 200-day simple moving average of $17.30. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.15 EPS for the quarter. Kion Group had a return on equity of 4.00% and a net margin of 2.12%.The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.48 billion. As a group, analysts predict that Kion Group will post 0.78 EPS for the current 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.