Kone Oyj (OTCMKTS:KNYJY) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $34.75 and traded as high as $36.55. Kone Oyj shares last traded at $36.37, with a volume of 20,862 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KNYJY shares. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Finally, Royal Bank Of Canada upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Kone Oyj Price Performance

The firm has a market cap of $32.96 billion, a P/E ratio of 35.66, a P/E/G ratio of 2.48 and a beta of 0.66. The company has a fifty day moving average of $34.75 and a 200-day moving average of $33.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $3.23 billion for the quarter. Kone Oyj had a net margin of 8.48% and a return on equity of 38.70%. On average, sell-side analysts anticipate that Kone Oyj Unsponsored ADR will post 1.06 EPS 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.