Kion Group (OTCMKTS:KIGRY) Hits New 52-Week High - Should You Buy?

Key Points

• Kion Group's stock price reached a new 52-week high of $16.05, marking significant trading activity with a volume of 8,781 shares.
• Analysts have restated a "buy" rating for Kion Group, suggesting positive market sentiment toward the company's future performance.
• The company recently declared a dividend of $0.1437, which indicates a yield of 124.0%, up from the previous dividend of $0.12.

Kion Group (OTCMKTS:KIGRY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.05 and last traded at $16.05, with a volume of 8781 shares trading hands. The stock had previously closed at $15.37.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Kion Group in a research note on Friday, July 4th.

Kion Group Trading Up 2.7%

The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 35.44 and a beta of 1.98. 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 simple moving average is $14.10 and its two-hundred day simple moving average is $11.75.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.20 EPS for the quarter. Kion Group had a net margin of 2.08% and a return on equity of 3.89%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.18 billion. As a group, research analysts anticipate that Kion Group will post 0.78 earnings per share for the current fiscal year.

Kion Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.1437 dividend. This represents a yield of 124.0%. The ex-dividend date was Thursday, May 29th. This is a positive change from Kion Group's previous dividend of $0.12. Kion Group's dividend payout ratio (DPR) is presently 29.17%.

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.