Kone Oyj (OTCMKTS:KNYJY) Shares Cross Below Fifty Day Moving Average – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analyst Ratings Changes

KNYJY has been the topic of several recent research reports. BNP Paribas Exane upgraded Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Evercore raised shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Kone Oyj Price Performance

The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. The firm has a market cap of $26.60 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 1.59 and a beta of 0.66. The stock’s 50-day moving average is $31.63 and its 200-day moving average is $33.96.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. As a group, equities analysts anticipate 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.