Kone Oyj (OTCMKTS:KNYJY) Shares Gap Down – Here’s What Happened

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares gapped down before the market opened on Friday . The stock had previously closed at $37.4650, but opened at $35.77. Kone Oyj shares last traded at $35.33, with a volume of 9,498 shares.

Wall Street Analysts Forecast Growth

KNYJY has been the subject of several research reports. Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. Royal Bank Of Canada raised 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 report on Wednesday, December 3rd. Finally, Sanford C. Bernstein raised 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Kone Oyj presently has an average rating of “Hold”.

Kone Oyj Stock Down 5.5%

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 firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.54 and a beta of 0.65. The stock has a 50 day moving average of $35.67 and a 200 day moving average of $33.67.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly 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 8.48% and a return on equity of 38.70%. As a group, analysts expect that Kone Oyj Unsponsored ADR will post 1.06 earnings per share 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.