Kion Group (OTCMKTS:KIGRY) Stock Rating Lowered by DZ Bank

Kion Group (OTCMKTS:KIGRY) was downgraded by investment analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Kion Group in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Kion Group Trading Up 2.1%

Shares of KIGRY traded up $0.36 during mid-day trading on Thursday, reaching $17.88. The company had a trading volume of 27,079 shares, compared to its average volume of 31,732. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 0.16. Kion Group has a fifty-two week low of $7.66 and a fifty-two week high of $18.48. The firm has a fifty day simple moving average of $16.69 and a 200-day simple moving average of $14.69. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 37.25 and a beta of 2.03.

Kion Group (OTCMKTS:KIGRY) last released its earnings results on Thursday, October 30th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $2.94 billion. Kion Group had a net margin of 2.08% and a return on equity of 3.89%. On average, sell-side analysts anticipate that Kion Group will post 0.78 EPS for the current fiscal year.

About Kion Group

KION GROUP AG provides industrial trucks and supply chain solutions worldwide. The company operates in Industrial Trucks & Services and Supply Chain Solutions segments. It offers forklift trucks, counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated warehouse trucks, automated guided vehicle systems (AGVs), and towing vehicles under the Linde, STILL, Baoli, Fenwick, and OM brands.