Kion Group (OTCMKTS:KIGRY) Shares Down 4.8% – Time to Sell?

Shares of Kion Group (OTCMKTS:KIGRY) were down 4.8% during mid-day trading on Friday . The stock traded as low as $12.68 and last traded at $12.69. Approximately 1,713 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 22,549 shares. The stock had previously closed at $13.3250.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on KIGRY shares. DZ Bank raised Kion Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Citigroup upgraded Kion Group from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Kion Group Trading Down 0.6%

The company has a 50 day moving average price of $11.99 and a 200 day moving average price of $12.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.00. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 14.63 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRY) last released 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 for the quarter, compared to analysts’ expectations of $3.28 billion. Kion Group had a return on equity of 6.26% and a net margin of 3.36%. On average, research analysts expect that Kion Group will post 0.95 earnings per share for the current year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment and supply chain solutions. The company develops and supplies forklifts, warehouse trucks and related material-handling equipment, along with fleet-management technologies, replacement parts, maintenance, leasing and other lifecycle services.

KION also provides automated supply chain and warehouse solutions through its Dematic business. These offerings include automated storage and retrieval systems, conveyors, sortation equipment, robotics, warehouse-management software and integrated systems designed to help distribution centers and manufacturing facilities manage the movement of goods.

The company serves customers across manufacturing, retail, wholesale, logistics and other industries in markets around the world.