Kion Group (OTCMKTS:KIGRY) Sets New 12-Month High – Here’s Why

Kion Group (OTCMKTS:KIGRY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.2901 and last traded at $19.29, with a volume of 6815 shares trading hands. The stock had previously closed at $18.9875.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KIGRY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a report on Monday. DZ Bank lowered Kion Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Kion Group Stock Down 2.5%

The business’s 50 day moving average is $17.46 and its 200 day moving average is $15.95. The company has a quick ratio of 0.63, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. The company has a market cap of $9.99 billion, a P/E ratio of 32.83 and a beta of 2.19.

Kion Group (OTCMKTS:KIGRY) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $2.94 billion. Kion Group had a return on equity of 4.59% and a net margin of 2.48%. As a group, equities analysts anticipate that Kion Group will post 0.78 earnings per share for the current fiscal year.

Kion Group Company Profile

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.