Kion Group (OTCMKTS:KIGRY) Announces Quarterly Earnings Results

Kion Group (OTCMKTS:KIGRY) announced its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, Zacks reports. Kion Group had a return on equity of 5.95% and a net margin of 3.19%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion.

Kion Group Trading Down 4.1%

Kion Group stock traded down $0.39 during trading hours on Friday, reaching $9.17. 9,264 shares of the company’s stock were exchanged, compared to its average volume of 16,946. The firm’s 50 day simple moving average is $11.02 and its 200 day simple moving average is $13.07. Kion Group has a twelve month low of $9.13 and a twelve month high of $20.54. The firm has a market capitalization of $4.81 billion, a PE ratio of 11.18 and a beta of 2.08. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KIGRY. Citigroup raised Kion Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 8th. Zacks Research upgraded shares of Kion Group from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Barclays reiterated an “overweight” rating on shares of Kion Group in a research note on Monday, October 5th. 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, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.