Zacks Investment Research Upgrades KION Grp AG/ADR (KIGRY) to “Hold”

Zacks Investment Research upgraded shares of KION Grp AG/ADR (OTCMKTS:KIGRY) from a sell rating to a hold rating in a research note released on Tuesday morning.

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. “

Other equities research analysts also recently issued research reports about the stock. UBS Group raised shares of KION Grp AG/ADR from a neutral rating to a buy rating in a report on Tuesday, October 16th. ValuEngine raised shares of KION Grp AG/ADR from a sell rating to a hold rating in a report on Wednesday, July 25th.

Shares of KIGRY opened at $14.71 on Tuesday. KION Grp AG/ADR has a 1 year low of $11.66 and a 1 year high of $24.13. The firm has a market cap of $6.91 billion, a PE ratio of 14.01, a PEG ratio of 2.50 and a beta of 0.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.81 and a quick ratio of 0.53.

KION Grp AG/ADR Company Profile

KION GROUP AG provides supply chain solutions 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 IC 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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