Kion Group (OTCMKTS:KIGRY) Hits New 1-Year High - Here's Why

Kion Group (OTCMKTS:KIGRY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.79 and last traded at $13.77, with a volume of 1227 shares trading hands. The stock had previously closed at $13.65.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays raised Kion Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Citigroup upgraded Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th.

Kion Group Stock Up 1.0%

The firm's 50-day simple moving average is $11.60 and its 200-day simple moving average is $10.31. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.69 and a current ratio of 1.01. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 32.81 and a beta of 1.99.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $2.93 billion for the quarter. Kion Group had a net margin of 1.80% and a return on equity of 3.37%. Sell-side analysts forecast that Kion Group will post 0.78 earnings per share for the current year.

Kion Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.1437 per share. This is a positive change from Kion Group's previous dividend of $0.12. This represents a yield of 1.24%. The ex-dividend date was Thursday, May 29th. Kion Group's dividend payout ratio (DPR) is currently 33.33%.

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.

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