Kion Group (OTCMKTS:KIGRY) Hits New 1-Year Low – What Lies Ahead?

Kion Group Ag (OTCMKTS:KIGRY – Get Free Report) hit a new 52-week low during mid-day trading on Friday. The stock dropped to $7.88 before closing at $7.91, with a trading volume of 24,590 shares. Previously, the stock had ended the day at $8.03.

Wall Street Analysts Project Growth

In a recent report dated Thursday, October 10th, UBS Group upgraded Kion Group to a “strong-buy” rating, signaling a positive outlook amidst the stock's recent performance.

Kion Group's Price Metrics

The company maintains a debt-to-equity ratio of 0.22, alongside a quick ratio of 0.68 and a current ratio of 1.07. Currently, Kion Group's 50-day moving average stands at $8.86, while the 200-day moving average is at $9.46. The company's market capitalization is approximately $4.15 billion, with a PE ratio of 11.46 and a beta of 1.96.

Kion Group recently released its earnings results on Wednesday, October 30th, reporting earnings of $0.15 per share for the quarter and revenues totaling $2.97 billion. The company also recorded a return on equity of 5.67% and a net margin of 2.88%. Analysts seem optimistic, forecasting that Kion Group Ag will achieve an earnings per share (EPS) of 0.79 for the current fiscal year.

Kion Group Overview

(Get Free Report) KION GROUP AG is a global provider of industrial trucks and supply chain solutions. The company operates primarily through two segments: Industrial Trucks & Services and Supply Chain Solutions, offering various products such as forklift trucks, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under well-known brands like Linde, STILL, Baoli, Fenwick, and OM.

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