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

Key Points

• Kion Group shares fell 2.5%, opening at $11.40 versus a prior close of $11.98, with the stock trading below its 50-day and 200-day moving averages.
• Analyst views are mixed: Zacks downgraded the stock to “strong sell,” while Citigroup and Morgan Stanley upgraded it. Overall, analysts maintain a “Moderate Buy” consensus.
• Kion reported quarterly earnings of $0.25 per share and revenue of $3.39 billion, exceeding analyst revenue expectations of $3.28 billion; analysts forecast full-year earnings of $0.95 per share.

Kion Group (OTCMKTS:KIGRY - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $11.98, but opened at $11.40. Kion Group shares last traded at $11.40, with a volume of 2,503 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of Kion Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Citigroup raised Kion Group from a "neutral" rating to a "buy" rating in a report on Tuesday, September 8th. Finally, Morgan Stanley upgraded shares of Kion Group to an "overweight" rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Kion Group Stock Down 2.5%

The firm's fifty day simple moving average is $12.00 and its 200-day simple moving average is $12.37. The company has a market cap of $5.90 billion, a PE ratio of 13.22 and a beta of 2.07. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. Kion Group had a return on equity of 6.26% and a net margin of 3.36%.The company had revenue of $3.39 billion during the quarter, compared to analysts' expectations of $3.28 billion. As a group, equities research analysts expect that Kion Group will post 0.95 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 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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