Kion Group (OTCMKTS:KIGRY) Stock Price Down 2.3% - Time to Sell?

Key Points

• Kion Group shares fell by 2.3% to close at $16.62, with trading volume at approximately 5,892 shares, significantly lower than the average daily volume of 15,563 shares.
• Deutsche Bank reiterated a "buy" rating on Kion Group shares, indicating optimism about the company's future performance.
• Kion Group has increased its dividend from $0.12 to $0.1437 per share, reflecting a dividend yield of 124.0% and a payout ratio of 29.17%.

Kion Group (OTCMKTS:KIGRY - Get Free Report)'s share price dropped 2.3% on Monday . The company traded as low as $16.61 and last traded at $16.62. Approximately 5,892 shares traded hands during trading, a decline of 62% from the average daily volume of 15,563 shares. The stock had previously closed at $17.01.

Analysts Set New Price Targets

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

Kion Group Price Performance

The stock's 50-day moving average price is $14.48 and its 200 day moving average price is $11.92. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 35.83 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.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.20 earnings per share for the quarter. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.18 billion. Kion Group had a net margin of 2.08% and a return on equity of 3.89%. Equities research analysts predict that Kion Group will post 0.78 earnings per share for the current year.

Kion Group Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.1437 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This is an increase from Kion Group's previous dividend of $0.12. This represents a yield of 124.0%. Kion Group's payout ratio is presently 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.