Kion Group (OTCMKTS:KIGRY) Cut to “Strong Sell” at Jefferies Financial Group

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

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

Kion Group Price Performance

Shares of Kion Group stock opened at $16.91 on Thursday. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 33.82 and a beta of 2.18. The firm’s 50-day moving average price is $18.94 and its two-hundred day moving average price is $17.85. The company has a current ratio of 0.97, a quick ratio of 0.63 and a debt-to-equity ratio of 0.15. Kion Group has a 1-year low of $7.66 and a 1-year high of $20.54.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (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%. On average, equities analysts predict that Kion Group will post 0.78 earnings per share for the current fiscal year.

About Kion Group

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.