KONE Oyj (OTCMKTS:KNYJY) Lowered to Strong Sell Rating by Royal Bank of Canada

by · The Cerbat Gem

Royal Bank of Canada downgraded shares of KONE Oyj (OTCMKTS:KNYJY – Free Report) from a hold rating to a strong sell rating in a report issued on Monday,Zacks.com reports.

KONE Oyj Stock Up 3.6 %

KNYJY stock opened at $25.93 on Monday. KONE Oyj has a 1-year low of $21.55 and a 1-year high of $30.12. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $27.58 and its two-hundred day moving average price is $26.46.

KONE Oyj (OTCMKTS:KNYJY – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The business had revenue of $3.03 billion for the quarter. On average, research analysts expect that KONE Oyj will post 1.1 earnings per share for the current year.

About KONE Oyj

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KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.

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