Kion Group (OTCMKTS:KIGRY) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Kion Group (OTCMKTS:KIGRY) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday,Zacks.com reports.

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

Kion Group Trading Down 1.7%

Shares of OTCMKTS KIGRY opened at $11.59 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 0.99. Kion Group has a 52-week low of $10.26 and a 52-week high of $20.54. The firm has a 50 day moving average price of $12.20 and a two-hundred day moving average price of $14.93. The stock has a market cap of $6.08 billion, a P/E ratio of 14.49 and a beta of 2.05.

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.