Kion Group (OTCMKTS:KIGRY) Hits New 12-Month Low - What's Next?

Key Points

• Kion Group shares fell 5% to $9.21, reaching a new 52-week low, below both the 50-day ($11.38) and 200-day ($11.92) moving averages.
• Despite the stock’s decline, analyst sentiment remains positive overall, with one Strong Buy, five Buy, and two Hold ratings, resulting in a “Moderate Buy” consensus.
• Kion reported quarterly EPS of $0.25 and revenue of $3.39 billion, exceeding the consensus revenue estimate of $3.28 billion; analysts expect full-year EPS of approximately $0.84.

Kion Group (OTCMKTS:KIGRY - Get Free Report) shares hit a new 52-week low on Thursday. The company traded as low as $9.21 and last traded at $9.21, with a volume of 19,810 shares trading hands. The stock had previously closed at $9.75.

Wall Street Analyst Weigh In

A number of research firms recently commented on KIGRY. Barclays reiterated an "overweight" rating on shares of Kion Group in a research report on Monday, October 5th. Morgan Stanley raised Kion Group to an "overweight" rating in a research report on Tuesday, July 7th. Zacks Research upgraded Kion Group from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Finally, Citigroup raised shares of Kion Group from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 8th. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

Kion Group Stock Down 5.0%

The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The company has a fifty day simple moving average of $11.38 and a 200-day simple moving average of $11.92. The firm has a market cap of $4.86 billion, a P/E ratio of 10.89 and a beta of 2.08.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a return on equity of 6.26% and a net margin of 3.36%. On average, equities analysts anticipate that Kion Group will post 0.84 earnings per share for the current 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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