Kion Group (OTCMKTS:KIGRY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Kion Group (OTCMKTS:KIGRY) have been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company.

Several research analysts have weighed in on KIGRY shares. Zacks Research downgraded shares of Kion Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Citigroup lowered Kion Group from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Jefferies Financial Group upgraded Kion Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Kion Group in a report on Monday, December 8th.

Kion Group Trading Down 3.6%

Shares of OTCMKTS:KIGRY opened at $13.71 on Tuesday. The stock’s 50-day simple moving average is $18.06 and its two-hundred day simple moving average is $17.71. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 27.42 and a beta of 2.19. Kion Group has a 52-week low of $7.66 and a 52-week high of $20.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.97.

Kion Group (OTCMKTS:KIGRY) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a net margin of 2.12% and a return on equity of 4.03%. Analysts expect that Kion Group will post 0.78 EPS for the current year.

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.