Kion Group (OTCMKTS:KIGRY) Rating Lowered to Strong Sell at Zacks Research

Kion Group (OTCMKTS:KIGRY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. DZ Bank upgraded shares of Kion Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Oddo Bhf upgraded shares of Kion Group to an “outperform” rating in a research note on Monday, May 4th. Finally, Morgan Stanley raised shares of Kion Group to an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kion Group has a consensus rating of “Moderate Buy”.

Kion Group Stock Down 1.7%

Shares of KIGRY opened at $11.59 on Wednesday. The firm has a market capitalization of $6.08 billion, a P/E ratio of 14.49 and a beta of 2.05. Kion Group has a 12-month low of $10.26 and a 12-month high of $20.54. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The firm has a fifty day moving average price of $12.20 and a 200-day moving average price of $14.93.

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.