Kion Group Ag (NASDAQ:KIGRY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday.

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. “

Shares of Kion Group Ag (NASDAQ KIGRY) traded down 20.54% during trading on Tuesday, reaching $19.27. 1,820 shares of the company’s stock were exchanged. The company has a market cap of $9.09 billion and a PE ratio of 23.40. Kion Group Ag has a 52-week low of $13.40 and a 52-week high of $24.25.

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