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

Jefferies Financial Group lowered shares of Kion Group (OTCMKTS:KIGRY) from a moderate sell rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

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

Kion Group Stock Performance

Shares of OTCMKTS KIGRY opened at $16.91 on Thursday. 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 firm has a market cap of $8.87 billion, a price-to-earnings ratio of 33.82 and a beta of 2.18. The stock’s fifty day moving average price is $18.94 and its two-hundred day moving average price is $17.86. Kion Group has a one year low of $7.66 and a one year high of $20.54.

Kion Group (OTCMKTS:KIGRY) last announced its earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. Kion Group had a net margin of 2.12% and a return on equity of 4.03%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.48 billion. On average, equities analysts forecast that Kion Group will post 0.78 EPS for the current 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.