Kone Oyj (OTCMKTS:KNYJY) Shares Pass Below 50 Day Moving Average – Here’s What Happened
by Scott Moore · The Cerbat GemKone Oyj Unsponsored ADR (OTCMKTS:KNYJY – Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $31.63 and traded as low as $29.23. Kone Oyj shares last traded at $29.35, with a volume of 73,570 shares changing hands.
Analysts Set New Price Targets
A number of brokerages have issued reports on KNYJY. Evercore upgraded Kone Oyj to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane upgraded Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.
Read Our Latest Research Report on KNYJY
Kone Oyj Stock Performance
The company has a market capitalization of $26.99 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 1.56 and a beta of 0.66. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a 50 day moving average price of $31.58 and a two-hundred day moving average price of $33.93.
Kone Oyj (OTCMKTS:KNYJY – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. On average, analysts predict that Kone Oyj Unsponsored ADR will post 1.29 EPS for the current fiscal year.
Kone Oyj Company Profile
Kone Oyj is a Finland-based company that designs, manufactures and services elevators, escalators and automatic building doors. Founded in 1910 and headquartered in Espoo, Kone has grown into a global provider of people-flow solutions, supplying new equipment as well as modernization and maintenance services for a wide range of buildings, including residential, commercial, healthcare, retail and transportation facilities.
The company’s core activities include the engineering and installation of elevator and escalator systems, ongoing maintenance programs to ensure safety and uptime, and modernization of aging equipment to improve performance and energy efficiency.