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

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Friday . The stock had previously closed at $12.00, but opened at $10.94. Kion Group shares last traded at $10.94, with a volume of 338 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Oddo Bhf raised Kion Group to an “outperform” rating in a research note on Monday, May 4th. DZ Bank upgraded Kion Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 19th. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Kion Group Stock Performance

The company has a quick ratio of 0.77, a current ratio of 1.10 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 13.90 and a beta of 2.05. The stock’s 50-day simple moving average is $11.72 and its 200 day simple moving average is $14.04.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a return on equity of 6.09% and a net margin of 3.26%. Analysts expect that Kion Group will post 0.96 earnings per share for the current fiscal year.

Kion Group Company Profile

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.