Kion Group (OTCMKTS:KIGRY) Reaches New 52-Week High – What’s Next?

Kion Group (OTCMKTS:KIGRY)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $18.5740 and last traded at $18.5740, with a volume of 217 shares changing hands. The stock had previously closed at $17.85.

Wall Street Analyst Weigh In

KIGRY has been the topic of several recent analyst reports. DZ Bank downgraded Kion Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Kion Group Trading Up 3.4%

The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $15.46. The firm has a market cap of $9.81 billion, a PE ratio of 38.94 and a beta of 2.03.

Kion Group (OTCMKTS:KIGRY) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Kion Group had a return on equity of 3.89% and a net margin of 2.08%. As a group, sell-side analysts forecast that Kion Group will post 0.78 EPS for the current year.

About Kion Group

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.