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Kion Group (OTCMKTS:KIGRY) Stock Price Down 5.8% - Time to Sell?

Kion Group logo with Industrials background

Key Points

  • Kion Group's stock price fell by 5.8%, trading as low as $15.97, with a significant decline in trading volume.
  • Despite the stock's recent dip, Deutsche Bank has maintained a "buy" rating, with a consensus rating of "Strong Buy" from multiple analysts.
  • The company reported $0.20 EPS for the latest quarter, falling short of analyst revenue estimates with $3.07 billion compared to the estimated $3.18 billion.
  • Five stocks we like better than Kion Group.

Shares of Kion Group (OTCMKTS:KIGRY - Get Free Report) were down 5.8% on Thursday . The stock traded as low as $15.97 and last traded at $16.00. Approximately 1,020 shares were traded during trading, a decline of 97% from the average daily volume of 34,668 shares. The stock had previously closed at $16.98.

Wall Street Analyst Weigh In

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 given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

Read Our Latest Report on KIGRY

Kion Group Price Performance

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 company has a 50-day moving average price of $16.31 and a 200-day moving average price of $13.28. The firm has a market capitalization of $8.42 billion, a PE ratio of 33.41 and a beta of 1.99.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.20 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%. Sell-side analysts forecast that Kion Group will post 0.78 EPS for the current year.

About Kion Group

(Get Free Report)

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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