Kion Group (OTCMKTS:KIGRY) Trading Up 7.8% - Should You Buy?

Key Points

• Kion Group shares rose 7.8% to $14.10, though trading volume was approximately 87% below the average session volume.
• Analyst sentiment is generally positive but mixed: the stock has a “Moderate Buy” consensus, with recent upgrades from Morgan Stanley, Citigroup and DZ Bank, offset by a Zacks “Strong Sell” downgrade.
• Kion reported quarterly earnings of $0.25 per share and revenue of $3.39 billion, exceeding analysts’ revenue expectations of $3.28 billion; analysts expect full-year EPS of $0.95.

Shares of Kion Group (OTCMKTS:KIGRY - Get Free Report) traded up 7.8% during mid-day trading on Tuesday . The company traded as high as $14.10 and last traded at $14.10. Approximately 2,879 shares were traded during trading, a decline of 87% from the average session volume of 22,640 shares. The stock had previously closed at $13.0840.

Wall Street Analyst Weigh In

A number of brokerages recently commented on KIGRY. Morgan Stanley raised Kion Group to an "overweight" rating in a report on Tuesday, July 7th. Citigroup raised Kion Group from a "neutral" rating to a "buy" rating in a report on Tuesday. Zacks Research downgraded Kion Group from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. Finally, DZ Bank raised Kion Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 19th. One 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 given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Kion Group Trading Up 7.5%

The stock's 50 day moving average price is $11.88 and its 200-day moving average price is $12.81. 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 stock has a market capitalization of $7.38 billion, a PE ratio of 16.55 and a beta of 2.07.

Kion Group (OTCMKTS:KIGRY - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $3.39 billion for the quarter, compared to analysts' expectations of $3.28 billion. Kion Group had a net margin of 3.36% and a return on equity of 6.26%. On average, sell-side 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 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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