KONE Oyj (OTCMKTS:KNYJY) Shares Cross Below 50 Day Moving Average of $21.64

KONE Oyj (OTCMKTS:KNYJYGet Rating)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.64 and traded as low as $19.46. KONE Oyj shares last traded at $19.72, with a volume of 113,503 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KNYJY. The Goldman Sachs Group lowered KONE Oyj from a “neutral” rating to a “sell” rating in a report on Tuesday, June 21st. Danske upgraded KONE Oyj from a “hold” rating to a “buy” rating in a report on Thursday, June 9th. Exane BNP Paribas upgraded KONE Oyj from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 5th. Berenberg Bank lowered KONE Oyj from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Credit Suisse Group cut their target price on KONE Oyj from €76.00 ($77.55) to €60.00 ($61.22) and set an “outperform” rating on the stock in a research report on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $57.60.

KONE Oyj Stock Up 0.3 %

The stock has a market capitalization of $20.43 billion, a price-to-earnings ratio of 22.67 and a beta of 0.70. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 0.17. The firm has a 50-day moving average of $21.64 and a two-hundred day moving average of $24.01.

KONE Oyj (OTCMKTS:KNYJYGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.14 earnings per share for the quarter. The firm had revenue of $2.72 billion for the quarter. KONE Oyj had a return on equity of 29.23% and a net margin of 7.78%. As a group, sell-side analysts anticipate that KONE Oyj will post 0.91 earnings per share for the current year.

KONE Oyj Company Profile

(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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