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

Kion Group (OTCMKTS:KIGRY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Several other research firms have also recently commented on KIGRY. Morgan Stanley upgraded shares of 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 raised shares of Kion Group from a “neutral” rating to a “buy” rating in a report on Tuesday, September 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Kion Group Stock Down 0.4%

KIGRY opened at $9.34 on Monday. The business has a 50 day moving average price of $10.93 and a two-hundred day moving average price of $12.98. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.21. The company has a market cap of $4.90 billion, a PE ratio of 11.44 and a beta of 2.08. Kion Group has a 52 week low of $9.13 and a 52 week high of $20.54.

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

About Kion Group

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.