Kone Oyj (OTCMKTS:KNYJY) Posts Earnings Results, Misses Estimates By $0.01 EPS

Kone Oyj (OTCMKTS:KNYJY) posted its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01), Zacks reports.

Kone Oyj Price Performance

Shares of KNYJY stock traded down $1.18 on Wednesday, hitting $30.20. The stock had a trading volume of 21,287 shares, compared to its average volume of 57,909. The stock’s 50 day moving average is $29.71 and its 200-day moving average is $31.29. Kone Oyj has a 52-week low of $26.52 and a 52-week high of $38.29.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Kone Oyj has an average rating of “Hold”.

Kone Oyj Company Profile

KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.

The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.

Founded in 1910, KONE is headquartered in Espoo, Finland, and serves customers internationally across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region, including Greater China.