Kone Oyj (OTCMKTS:KNYJY) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup downgraded Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. Barclays reissued an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a 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. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

The company has a fifty day moving average price of $35.88 and a two-hundred day moving average price of $33.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86. The company has a market capitalization of $34.11 billion, a P/E ratio of 35.17, a PEG ratio of 2.45 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last posted its earnings results on Friday, February 6th. The company reported $0.30 EPS for the quarter. Kone Oyj had a net margin of 8.76% and a return on equity of 42.95%. The business had revenue of $3.45 billion for the quarter. Equities analysts forecast 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.