Kone Oyj (OTCMKTS:KNYJY) Sets New 52-Week Low – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $27.48 and last traded at $27.55, with a volume of 3121 shares. The stock had previously closed at $28.08.

Wall Street Analysts Forecast Growth

KNYJY has been the topic of several analyst reports. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. Evercore raised Kone Oyj to a “hold” rating in a research report on Monday, April 13th. Finally, Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kone Oyj Stock Performance

The company’s 50-day simple moving average is $30.40 and its 200 day simple moving average is $33.33. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The stock has a market cap of $25.01 billion, a P/E ratio of 25.31, a PEG ratio of 1.50 and a beta of 0.63.

Kone Oyj (OTCMKTS:KNYJY) last released its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. As a group, sell-side analysts expect that Kone Oyj Unsponsored ADR will post 1.29 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.