Kion Group (OTCMKTS:KIGRY) Upgraded at Jefferies Financial Group

Kion Group (OTCMKTS:KIGRY) was upgraded by equities researchers at Jefferies Financial Group from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

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

Kion Group Price Performance

Shares of Kion Group stock opened at $15.80 on Wednesday. The firm has a market cap of $8.29 billion, a PE ratio of 31.60 and a beta of 2.19. The company’s fifty day simple moving average is $18.71 and its two-hundred day simple moving average is $17.83. The company has a quick ratio of 0.63, a current ratio of 0.97 and a debt-to-equity ratio of 0.15. Kion Group has a 12-month low of $7.66 and a 12-month high of $20.54.

Kion Group (OTCMKTS:KIGRY) last posted its earnings results on Thursday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Kion Group had a return on equity of 4.03% and a net margin of 2.12%. As a group, equities analysts expect 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.