Kion Group (OTCMKTS:KIGRY) Stock Rating Lowered by Jefferies Financial Group

Kion Group (OTCMKTS:KIGRY) was downgraded by investment analysts at Jefferies Financial Group from a “moderate sell” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Kion Group in a research report on Monday, December 8th. Finally, DZ Bank downgraded shares of Kion Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Kion Group Price Performance

Shares of KIGRY stock opened at $16.91 on Thursday. Kion Group has a 52-week low of $7.66 and a 52-week high of $20.54. The stock has a market cap of $8.87 billion, a PE ratio of 33.82 and a beta of 2.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97. The firm’s 50 day moving average price is $18.94 and its two-hundred day moving average price is $17.85.

Kion Group (OTCMKTS:KIGRY) last issued its earnings results on Thursday, February 26th. The company reported $0.15 EPS for the quarter. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.03%. As a group, analysts forecast that Kion Group will post 0.78 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.