Kone Oyj (OTCMKTS:KNYJY) Reaches New 1-Year High – Here’s What Happened

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.77 and last traded at $36.77, with a volume of 15265 shares. The stock had previously closed at $36.11.

Analyst Upgrades and Downgrades

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

Kone Oyj Stock Performance

The firm’s 50 day simple moving average is $34.42 and its 200 day simple moving average is $33.07. The firm has a market cap of $33.33 billion, a PE ratio of 36.05, a PEG ratio of 2.47 and a beta of 0.66. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

Kone Oyj (OTCMKTS:KNYJY) last issued its 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 for the quarter. Kone Oyj had a return on equity of 38.70% and a net margin of 8.48%. On average, research analysts forecast 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.