Kion Group (OTCMKTS:KIGRY) Shares Down 4.8% - Time to Sell?

Key Points

• Kion Group shares fell 4.8% to $12.69 in thin trading, with volume down 92% from the average session.
• Analyst sentiment remains broadly positive despite mixed calls, with a consensus rating of “Moderate Buy” from one Strong Buy, four Buys, one Hold and one Sell.
• Kion reported quarterly EPS of $0.25 and revenue of $3.39 billion, exceeding the $3.28 billion consensus revenue estimate; analysts project full-year EPS of $0.95.

Kion Group (OTCMKTS:KIGRY - Get Free Report) shares dropped 4.8% on Friday . The company traded as low as $12.68 and last traded at $12.69. Approximately 1,713 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 22,549 shares. The stock had previously closed at $13.3250.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. DZ Bank raised shares of Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. Zacks Research downgraded Kion Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Morgan Stanley raised shares of Kion Group to an "overweight" rating in a report on Tuesday, July 7th. Finally, Citigroup upgraded shares of Kion Group from a "neutral" rating to a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Kion Group Trading Down 0.6%

The company has a market cap of $6.52 billion, a PE ratio of 14.63 and a beta of 2.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.00 and a quick ratio of 0.68. The company has a 50-day moving average of $11.99 and a 200 day moving average of $12.69.

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 business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. Analysts predict that Kion Group will post 0.95 earnings per share for the current year.

About Kion Group

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment and supply chain solutions. The company develops and supplies forklifts, warehouse trucks and related material-handling equipment, along with fleet-management technologies, replacement parts, maintenance, leasing and other lifecycle services.

KION also provides automated supply chain and warehouse solutions through its Dematic business. These offerings include automated storage and retrieval systems, conveyors, sortation equipment, robotics, warehouse-management software and integrated systems designed to help distribution centers and manufacturing facilities manage the movement of goods.

The company serves customers across manufacturing, retail, wholesale, logistics and other industries in markets around the world.

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