Kion Group (OTCMKTS:KIGRY) Trading Up 0.8% - Here's Why

Kion Group Ag (OTCMKTS:KIGRY - Get Free Report) was up 0.8% during trading on Monday . The stock traded as high as $12.17 and last traded at $12.04. Approximately 16,159 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 47,147 shares. The stock had previously closed at $11.94.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on KIGRY shares. Citigroup upgraded Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. Barclays upgraded Kion Group from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th.

Kion Group Trading Up 0.8%

The stock has a 50 day simple moving average of $11.03 and a 200-day simple moving average of $10.09. The firm has a market capitalization of $6.32 billion, a P/E ratio of 17.45 and a beta of 1.99. The company has a current ratio of 0.96, a quick ratio of 0.60 and a debt-to-equity ratio of 0.10.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $2.93 billion for the quarter. Kion Group had a net margin of 2.88% and a return on equity of 5.62%. On average, equities research analysts forecast that Kion Group Ag will post 0.78 EPS for the current fiscal year.

Kion Group Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were paid a dividend of $0.1437 per share. This is an increase from Kion Group's previous dividend of $0.12. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 29th. Kion Group's payout ratio is currently 33.33%.

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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