Kone Oyj (OTCMKTS:KNYJY) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $35.81 and traded as low as $35.59. Kone Oyj shares last traded at $35.7940, with a volume of 32,232 shares trading hands.

Analyst Ratings Changes

KNYJY has been the topic of several research reports. Citigroup lowered Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Barclays reiterated an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Kone Oyj Stock Up 2.5%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86. The firm’s 50 day moving average price is $35.81 and its two-hundred day moving average price is $33.88. The firm has a market cap of $32.44 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 2.45 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.30 EPS for the quarter. Kone Oyj had a return on equity of 42.95% and a net margin of 8.76%.The firm had revenue of $3.45 billion during the quarter. As a group, sell-side analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 earnings per share 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.