Kion Group (OTCMKTS:KIGRY) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Kion Group (OTCMKTS:KIGRY) from a hold rating to a strong sell rating in a research report sent to investors on Monday morning,Zacks reports.

Several other analysts also recently weighed in on the company. Morgan Stanley upgraded Kion Group to an “overweight” rating in a research note on Tuesday, July 7th. Barclays reiterated an “overweight” rating on shares of Kion Group in a research note on Monday, October 5th. Finally, Citigroup upgraded Kion Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Kion Group Price Performance

Shares of KIGRY stock opened at $9.34 on Monday. The firm has a fifty day simple moving average of $10.93 and a 200-day simple moving average of $12.98. The company has a market capitalization of $4.90 billion, a PE ratio of 11.39 and a beta of 2.08. Kion Group has a twelve month low of $9.13 and a twelve month high of $20.54. The company has a current ratio of 1.00, a quick ratio of 0.68 and a debt-to-equity ratio of 0.21.

Kion Group (OTCMKTS:KIGRY) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.22 earnings per share (EPS) for the quarter. Kion Group had a net margin of 3.19% and a return on equity of 5.95%. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. Equities research analysts anticipate that Kion Group will post 0.84 earnings per share for the current fiscal year.

Kion Group Company Profile

KION Group AG is a Germany-based provider of industrial trucks, warehouse equipment, and supply chain automation solutions. Its products and services support the movement, storage, and management of materials in warehouses, distribution centers, manufacturing facilities, and other logistics environments.

The company operates through two primary business areas: Industrial Trucks & Services and Supply Chain Solutions. Its industrial truck portfolio includes forklift trucks, warehouse equipment, and related services, while its supply chain solutions business provides automated systems, software, robotics, and integrated technologies for warehouse and distribution operations.