Kone Oyj (OTCMKTS:KNYJY) Sets New 1-Year High – Should You Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) reached a new 52-week high during trading on Friday . The company traded as high as $37.99 and last traded at $37.99, with a volume of 1669 shares changing hands. The stock had previously closed at $36.9460.

Analyst Ratings Changes

Several brokerages recently weighed in on KNYJY. Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Barclays reissued an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. Citigroup cut shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Finally, Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kone Oyj Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market cap of $34.18 billion, a P/E ratio of 35.24, a PEG ratio of 2.77 and a beta of 0.65. The stock’s 50-day simple moving average is $36.28 and its two-hundred day simple moving average is $34.27.

Kone Oyj (OTCMKTS:KNYJY) last released its earnings results on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. Kone Oyj had a net margin of 8.76% and a return on equity of 40.59%. The firm had revenue of $3.45 billion during the quarter. Equities research analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 earnings per share 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.