Kion Group (OTCMKTS:KIGRY) Trading Down 3.5% - What's Next?

Key Points

• Kion Group's stock fell by 3.5%, trading at $15.73 after hitting a low of $15.59, with a notable increase in trading volume by 104% compared to the average session.
• Deutsche Bank reiterated a "buy" rating, with two analysts rating the stock as a Strong Buy and one as a Buy, maintaining an average rating of "Strong Buy".
• Kion Group reported a net margin of 2.08% and a return on equity of 3.89%, with quarterly revenue of $3.07 billion, missing analyst estimates of $3.18 billion.

Kion Group (OTCMKTS:KIGRY - Get Free Report) traded down 3.5% during mid-day trading on Tuesday . The stock traded as low as $15.59 and last traded at $15.73. 20,306 shares were traded during trading, an increase of 104% from the average session volume of 9,952 shares. The stock had previously closed at $16.30.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Kion Group in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

Kion Group Stock Down 3.5%

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 firm's 50-day simple moving average is $16.71 and its two-hundred day simple moving average is $13.75. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 32.77 and a beta of 2.03.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.20 EPS for the quarter. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.18 billion. Kion Group had a net margin of 2.08% and a return on equity of 3.89%. Sell-side analysts predict that Kion Group will post 0.78 EPS for the current fiscal year.

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.

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