Kion Group (OTCMKTS:KIGRY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Kion Group shares fell 2.7% to $11.5148, while trading volume reached approximately 17,120 shares—down 30% from the prior session.
• Analyst sentiment is mixed, but the stock carries a consensus “Moderate Buy” rating, with recent upgrades from Morgan Stanley, Oddo Bhf and DZ Bank offset by a Zacks Research downgrade to “Strong Sell.”
• Kion reported quarterly EPS of $0.25 and revenue of $3.39 billion, exceeding analyst expectations of $3.28 billion. Analysts expect full-year EPS of approximately $0.95.

Kion Group (OTCMKTS:KIGRY - Get Free Report) saw an uptick in trading volume on Monday . Approximately 17,120 shares were traded during mid-day trading, a decline of 30% from the previous session's volume of 24,352 shares.The stock last traded at $11.5148 and had previously closed at $11.75.

Analyst Upgrades and Downgrades

A number of analysts have commented on KIGRY shares. Morgan Stanley upgraded Kion Group to an "overweight" rating in a research report on Tuesday, July 7th. Zacks Research lowered shares of Kion Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Oddo Bhf raised shares of Kion Group to an "outperform" rating in a research note on Monday, May 4th. Finally, DZ Bank upgraded shares of Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Kion Group Stock Down 2.7%

The company has a market cap of $5.99 billion, a PE ratio of 13.44 and a beta of 2.05. The firm has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $13.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.77.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.25 EPS for the quarter. The firm had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. Research analysts anticipate that Kion Group will post 0.95 earnings per share for the current fiscal year.

Kion Group Company Profile

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group's key brands include Linde Material Handling, STILL and Dematic.

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