Kion Group (OTCMKTS:KIGRY) Rating Increased to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Kion Group (OTCMKTS:KIGRY) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a report on Monday, December 8th. Citigroup downgraded Kion Group from a “buy” rating to a “hold” rating in a report on Friday, December 5th. Finally, DZ Bank cut Kion Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Kion Group Stock Down 4.2%

Shares of KIGRY stock traded down $0.67 during mid-day trading on Wednesday, hitting $15.13. The stock had a trading volume of 36,690 shares, compared to its average volume of 48,650. The firm has a market capitalization of $7.94 billion, a P/E ratio of 30.26 and a beta of 2.19. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.63. Kion Group has a 12-month low of $7.66 and a 12-month high of $20.54. The firm’s 50-day moving average is $18.71 and its two-hundred day moving average is $17.83.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.03%. On average, analysts predict that Kion Group will post 0.78 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.