Kion Group (OTCMKTS:KIGRY) Sets New 52-Week High - Here's Why

Key Points

• Kion Group's shares reached a new 52-week high at $17.10, showing an increase in trading activity with 1,227 shares exchanged.
• The company recently increased its dividend to $0.1437, up from $0.12, yielding 124.0% for shareholders.
• Deutsche Bank reissued a "buy" rating for Kion Group, indicating positive sentiment from analysts regarding the company's performance.

Kion Group (OTCMKTS:KIGRY - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $17.10 and last traded at $17.10, with a volume of 1227 shares trading hands. The stock had previously closed at $16.93.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kion Group in a research note on Friday, July 4th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".

Kion Group Trading Up 0.9%

The company has a debt-to-equity ratio of 0.16, a current ratio of 0.99 and a quick ratio of 0.68. The stock has a market capitalization of $9.04 billion, a PE ratio of 35.88 and a beta of 1.98. The stock's 50 day simple moving average is $14.67 and its two-hundred day simple moving average is $12.08.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.20 earnings per share 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. On average, sell-side analysts expect that Kion Group will post 0.78 EPS for the current year.

Kion Group Increases Dividend

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

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.