Kone Oyj (OTCMKTS:KNYJY) Shares Gap Up – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $34.91, but opened at $37.22. Kone Oyj shares last traded at $37.21, with a volume of 1,349 shares trading hands.

Wall Street Analyst Weigh In

KNYJY has been the topic of several research reports. Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. Barclays reissued an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Citigroup lowered Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average price of $35.95 and a 200-day moving average price of $33.96. The firm has a market capitalization of $33.39 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.58 and a beta of 0.65.

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