KONE Oyj (OTCMKTS:KNYJY) Short Interest Update

KONE Oyj (OTCMKTS:KNYJYGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,300 shares, a growth of 116.7% from the March 31st total of 600 shares. Based on an average daily trading volume, of 127,100 shares, the short-interest ratio is presently 0.0 days.

KNYJY opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.22 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $26.46 and its 200 day simple moving average is $31.34. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 21.49 and a beta of 0.75. KONE Oyj has a 1 year low of $23.54 and a 1 year high of $42.55.

KONE Oyj (OTCMKTS:KNYJYGet Rating) last released its quarterly earnings data on Wednesday, February 2nd. The company reported $0.30 earnings per share for the quarter. The company had revenue of $3.16 billion for the quarter. As a group, sell-side analysts anticipate that KONE Oyj will post 1.04 EPS for the current year.

The company also recently declared a dividend, which was paid on Friday, March 25th. Shareholders of record on Thursday, March 3rd were issued a $0.7306 dividend. This represents a yield of 2.51%. The ex-dividend date was Wednesday, March 2nd.

KNYJY has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of KONE Oyj from a “hold” rating to a “sell” rating in a report on Friday, March 18th. JPMorgan Chase & Co. dropped their price target on KONE Oyj from €73.00 ($78.49) to €70.00 ($75.27) in a research note on Tuesday, March 29th. Danske upgraded KONE Oyj from a “sell” rating to a “hold” rating in a research report on Friday, April 8th. Barclays dropped their target price on KONE Oyj from €57.00 ($61.29) to €53.00 ($56.99) in a research report on Tuesday, April 5th. Finally, UBS Group reduced their price target on shares of KONE Oyj from €58.00 ($62.37) to €56.00 ($60.22) in a research report on Friday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $54.75.

About KONE Oyj (Get Rating)

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it 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 Residential Flow, a smarter building solution for the movement of people, goods, and information; 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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