Kion Group (OTCMKTS:KIGRY) Reaches New 1-Year High - Here's What Happened

Key Points

• Kion Group shares hit a new 52-week high, trading at $17.51 with a volume of 517 shares during mid-day trading.
• Analysts continue to show confidence in Kion Group, with three analysts giving it a Strong Buy rating and one a Buy rating, leading to an average rating of "Strong Buy."
• The company's quarterly earnings results showed an EPS of $0.20 and revenue of $3.07 billion, which fell short of analyst estimates of $3.18 billion.

Kion Group (OTCMKTS:KIGRY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $17.51 and last traded at $17.51, with a volume of 517 shares traded. The stock had previously closed at $17.25.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Kion Group in a report on Friday, July 4th. Three equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Strong Buy".

Kion Group Trading Up 1.5%

The business has a 50 day simple moving average of $16.24 and a 200-day simple moving average of $13.22. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.68 and a current ratio of 0.99. The stock has a market capitalization of $9.19 billion, a P/E ratio of 36.48 and a beta of 1.99.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.18 billion. Kion Group had a return on equity of 3.89% and a net margin of 2.08%. On average, analysts predict 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.

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