Kion Group (OTCMKTS:KIGRY) Downgraded by Jefferies Financial Group to “Strong Sell”

Jefferies Financial Group downgraded shares of Kion Group (OTCMKTS:KIGRY) from a moderate sell rating to a strong sell rating in a research report sent to investors on Thursday,Zacks.com reports.

KIGRY has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Kion Group in a research note on Monday, December 8th. Citigroup cut 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 report on Thursday, November 6th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Kion Group Stock Performance

KIGRY traded up $0.41 on Thursday, reaching $16.91. 16,968 shares of the stock were exchanged, compared to its average volume of 11,993. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.97 and a quick ratio of 0.63. The company’s 50-day moving average price is $18.94 and its 200 day moving average price is $17.85. The firm has a market capitalization of $8.87 billion, a PE ratio of 33.82 and a beta of 2.18. Kion Group has a fifty-two week low of $7.66 and a fifty-two week high of $20.54.

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