Kone Oyj (OTCMKTS:KNYJY) Hits New 1-Year Low – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $28.32 and last traded at $28.37, with a volume of 37040 shares traded. The stock had previously closed at $28.79.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore upgraded Kone Oyj to a “hold” rating in a report on Monday, April 13th. BNP Paribas Exane upgraded Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kone Oyj Stock Down 0.2%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market cap of $25.51 billion, a PE ratio of 25.82, a P/E/G ratio of 1.50 and a beta of 0.63. The business has a fifty day moving average price of $31.00 and a two-hundred day moving average price of $33.61.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.66 billion. On average, analysts anticipate 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.