Kion Group (OTCMKTS:KIGRY) Hits New 12-Month Low - Here's Why

Key Points

• Kion Group shares fell to a new 52-week low, trading as low as $9.13 and closing near $9.15, well below its 50-day and 200-day moving averages of $11.07 and $13.12.
• Despite the share-price weakness, analyst sentiment is broadly positive: recent upgrades from Zacks, Citigroup and Morgan Stanley contributed to a consensus “Moderate Buy” rating.
• Kion reported quarterly earnings of $0.22 per share and revenue of $3.26 billion, slightly above analysts’ $3.23 billion estimate, though profitability remained modest with a 3.36% net margin.

Kion Group (OTCMKTS:KIGRY - Get Free Report) shares reached a new 52-week low on Friday. The company traded as low as $9.13 and last traded at $9.1505, with a volume of 8,230 shares changing hands. The stock had previously closed at $9.5630.

Wall Street Analysts Forecast Growth

KIGRY has been the topic of several research reports. Zacks Research upgraded shares of Kion Group from a "strong sell" rating to a "hold" rating in a report on Friday, October 2nd. Citigroup upgraded Kion Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 8th. Morgan Stanley raised shares of Kion Group to an "overweight" rating in a research note on Tuesday, July 7th. Finally, Barclays reissued an "overweight" rating on shares of Kion Group in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Kion Group Price Performance

The company's 50 day moving average price is $11.07 and its 200 day moving average price is $13.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.68 and a current ratio of 1.00. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 10.79 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. Kion Group had a return on equity of 6.26% and a net margin of 3.36%. On average, equities research analysts predict that Kion Group will post 0.84 earnings per share for the current fiscal year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.

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