Kion Group (OTCMKTS:KIGRY) Releases Earnings Results

Kion Group (OTCMKTS:KIGRY) released its quarterly earnings results on Thursday. The company reported $0.25 EPS for the quarter, Zacks reports. Kion Group had a net margin of 3.26% and a return on equity of 6.09%.

Kion Group Trading Down 4.3%

Shares of OTCMKTS KIGRY traded down $0.52 during mid-day trading on Thursday, hitting $11.48. The company’s stock had a trading volume of 3,002 shares, compared to its average volume of 25,133. Kion Group has a one year low of $10.26 and a one year high of $20.54. The company’s fifty day simple moving average is $11.74 and its 200-day simple moving average is $14.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 14.35 and a beta of 2.05.

Analyst Upgrades and Downgrades

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

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.