Kion Group (OTCMKTS:KIGRY) Trading Up 10.2% - Here's Why

Key Points

• Kion Group shares rose 10.2% to $12.87, although trading volume was unusually light at about 1,130 shares—95% below the average daily volume.
• Analyst sentiment is generally positive, with upgrades from Oddo Bhf, Morgan Stanley and DZ Bank; MarketBeat reports a consensus rating of “Moderate Buy.”
• In its latest quarter, Kion reported $0.25 EPS and $3.39 billion in revenue, exceeding analysts’ $3.28 billion estimate. Analysts expect full-year EPS of $0.95.

Kion Group (OTCMKTS:KIGRY - Get Free Report) shot up 10.2% on Wednesday . The company traded as high as $12.87 and last traded at $12.87. Approximately 1,130 shares changed hands during trading, a decline of 95% from the average daily volume of 23,551 shares. The stock had previously closed at $11.6820.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KIGRY shares. Oddo Bhf raised Kion Group to an "outperform" rating in a research report on Monday, May 4th. Zacks Research lowered Kion Group from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 8th. Morgan Stanley upgraded Kion Group to an "overweight" rating in a research note on Tuesday, July 7th. Finally, DZ Bank raised Kion Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Kion Group Stock Performance

The company's fifty day simple moving average is $11.65 and its two-hundred day simple moving average is $13.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.10. The stock has a market capitalization of $6.77 billion, a P/E ratio of 15.18 and a beta of 2.05.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last issued 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 analysts' expectations of $3.28 billion. Kion Group had a return on equity of 6.33% and a net margin of 3.36%. As a group, equities analysts forecast that Kion Group will post 0.95 EPS for the current year.

Kion Group Company Profile

Kion Group AG is a Germany‐based manufacturer of industrial trucks and supply chain solutions, traded over the counter in the U.S. under the ticker KIGRY. The company designs, produces and services a broad range of material handling equipment, including counterbalance trucks, warehouse and very narrow aisle trucks, pallet trucks, reach trucks, and automated guided vehicles. Kion Group also offers software and digital products to optimize warehouse management and logistical operations for customers across manufacturing, retail, distribution and e-commerce industries.

The group's key brands include Linde Material Handling, STILL and Dematic.

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