Kone Oyj (OTCMKTS:KNYJY) Share Price Passes Below 50-Day Moving Average – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $35.81 and traded as low as $35.59. Kone Oyj shares last traded at $35.7940, with a volume of 32,232 shares trading hands.

Analysts Set New Price Targets

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

Kone Oyj Trading Up 2.5%

The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.45 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 company has a 50-day moving average price of $35.81 and a 200-day moving average price of $33.88.

Kone Oyj (OTCMKTS:KNYJY) last posted its earnings results on Friday, February 6th. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $3.45 billion during the quarter. Kone Oyj had a return on equity of 42.95% and a net margin of 8.76%. As a group, research analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 EPS 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.