Kone Oyj (OTCMKTS:KNYJY) Reaches New 52-Week High – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $35.73 and last traded at $35.54, with a volume of 24838 shares changing hands. The stock had previously closed at $35.37.

Analyst Upgrades and Downgrades

Several analysts have commented on KNYJY shares. Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. Barclays restated an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Kone Oyj currently has an average rating of “Hold”.

Kone Oyj Trading Up 0.2%

The firm has a market capitalization of $32.27 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 2.78 and a beta of 0.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.02. The business has a fifty day moving average price of $34.01 and a 200 day moving average price of $32.82.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $3.23 billion during the quarter. Kone Oyj had a return on equity of 38.70% and a net margin of 8.48%. As a group, equities analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 earnings per share for the current 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.