Zacks Investment Research Upgrades KION GRP AG/ADR (OTCMKTS:KIGRY) to “Buy”

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Zacks Investment Research upgraded shares of KION GRP AG/ADR (OTCMKTS:KIGRY) from a hold rating to a buy rating in a research report report published on Saturday morning, Zacks.com reports. The brokerage currently has $19.00 price objective on the stock.

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 raised KION GRP AG/ADR from a strong sell rating to a sell rating in a research note on Wednesday, October 30th.

Shares of KIGRY stock opened at $17.30 on Friday. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 17.30 and a beta of 1.41. The stock has a 50 day simple moving average of $17.22 and a 200-day simple moving average of $14.83. KION GRP AG/ADR has a 12-month low of $11.19 and a 12-month high of $18.44. The company has a current ratio of 0.77, a quick ratio of 0.48 and a debt-to-equity ratio of 0.63.

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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