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

Kion Group (OTCMKTS:KIGRY) gapped down before the market opened on Wednesday . The stock had previously closed at $12.79, but opened at $12.30. Kion Group shares last traded at $12.4280, with a volume of 6,351 shares.

Analyst Ratings Changes

KIGRY has been the topic of several recent analyst reports. Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Zacks Research cut Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kion Group presently has a consensus rating of “Moderate Buy”.

Kion Group Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $6.46 billion, a PE ratio of 14.48 and a beta of 2.05. The company’s 50 day moving average price is $11.74 and its 200-day moving average price is $12.99.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. On average, sell-side analysts forecast that Kion Group will post 0.95 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.