KION GRP AG/ADR (OTCMKTS:KIGRY) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research cut shares of KION GRP AG/ADR (OTCMKTS:KIGRY) from a buy rating to a strong sell rating in a research report sent to investors on Thursday morning, Zacks.com reports.

According to Zacks, “KION Group AG is a manufacturer of industrial trucks, producer of forklifts as well as warehouse automation. The company designs, builds and supports logistics solutions. KION Group AG is based in Wiesbaden, Germany. “

Separately, ValuEngine upgraded shares of KION GRP AG/ADR from a strong sell rating to a sell rating in a research note on Wednesday, October 30th.

OTCMKTS:KIGRY traded down $0.22 during trading hours on Thursday, hitting $16.05. 11,312 shares of the company traded hands, compared to its average volume of 6,979. The stock has a market capitalization of $6.98 billion, a price-to-earnings ratio of 14.20 and a beta of 1.41. KION GRP AG/ADR has a twelve month low of $11.19 and a twelve month high of $18.44. The firm has a 50-day moving average of $17.29 and a 200 day moving average of $14.88. The company has a current ratio of 0.78, a quick ratio of 0.49 and a debt-to-equity ratio of 0.59.

KION GRP AG/ADR Company Profile

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks and Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklifts and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, towing vehicles, and automated trucks and autonomous trucks under the Linde, Fenwick, STILL, OM STILL, Baoli, and OM Voltas brands.

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