Kone Oyj (OTCMKTS:KNYJY) Sees Large Volume Increase – Should You Buy?
by Renee Jackson · The Cerbat GemKone Oyj Unsponsored ADR (OTCMKTS:KNYJY – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 78,759 shares traded hands during trading, an increase of 38% from the previous session’s volume of 57,184 shares.The stock last traded at $29.63 and had previously closed at $29.91.
Analysts Set New Price Targets
Several research analysts have recently weighed in on KNYJY shares. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Citigroup downgraded Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. Finally, Evercore raised Kone Oyj to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kone Oyj has an average rating of “Hold”.
Get Our Latest Stock Analysis on Kone Oyj
Kone Oyj Trading Down 1.2%
The company has a 50 day moving average of $31.99 and a 200 day moving average of $34.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.58 and a beta of 0.66.
Kone Oyj (OTCMKTS:KNYJY – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $2.66 billion. On average, research analysts predict that Kone Oyj Unsponsored ADR will post 1.29 EPS for the current fiscal year.
About Kone Oyj
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.