Kion Group (OTCMKTS:KIGRY) Shares Gap Up – Still a Buy?

Shares of Kion Group (OTCMKTS:KIGRY) gapped up prior to trading on Wednesday . The stock had previously closed at $12.8152, but opened at $14.11. Kion Group shares last traded at $14.04, with a volume of 580 shares changing hands.

Wall Street Analysts Forecast Growth

KIGRY has been the subject of several analyst reports. Jefferies Financial Group raised shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Zacks Research lowered shares of Kion Group from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Oddo Bhf raised shares of Kion Group to an “outperform” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kion Group currently has a consensus rating of “Hold”.

Kion Group Stock Up 0.7%

The stock has a market cap of $7.28 billion, a P/E ratio of 17.35 and a beta of 2.07. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $13.62 and a 200-day simple moving average of $16.78.

Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a return on equity of 6.19% and a net margin of 3.26%. Analysts expect that Kion Group will post 0.98 EPS for the current 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.