Kion Group (OTCMKTS:KIGRY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Kion Group (OTCMKTS:KIGRY) saw unusually-high trading volume on Thursday . 142,017 shares changed hands during trading, an increase of 540% from the previous session’s volume of 22,206 shares.The stock last traded at $12.0850 and had previously closed at $11.79.

Wall Street Analysts Forecast Growth

A number of analysts have commented on KIGRY shares. Zacks Research cut shares of Kion Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. Finally, Morgan Stanley upgraded Kion Group to an “overweight” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Kion Group Stock Up 1.4%

The firm has a market capitalization of $6.27 billion, a PE ratio of 14.06 and a beta of 2.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68. The company has a 50-day moving average price of $11.98 and a 200 day moving average price of $12.51.

Kion Group (OTCMKTS:KIGRY) last issued its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. Kion Group had a return on equity of 6.26% and a net margin of 3.36%.The company had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.28 billion. Analysts forecast 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.