Kone Oyj (OTCMKTS:KNYJY) Hits New 52-Week High – Here’s What Happened

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) hit a new 52-week high on Wednesday . The stock traded as high as $37.2010 and last traded at $37.17, with a volume of 17909 shares. The stock had previously closed at $36.65.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KNYJY shares. Royal Bank Of Canada upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup cut shares of Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday. Sanford C. Bernstein upgraded shares of Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Finally, Barclays restated 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, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Kone Oyj currently has a consensus rating of “Hold”.

Kone Oyj Trading Up 0.7%

The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock’s 50 day moving average is $35.35 and its two-hundred day moving average is $33.50. The company has a market capitalization of $33.01 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 2.48 and a beta of 0.66.

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.