Kone Oyj (OTCMKTS:KNYJY) Sets New 12-Month Low – Time to Sell?

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

Analyst Ratings Changes

Several brokerages recently issued reports on KNYJY. Evercore raised shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Kone Oyj Stock Performance

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

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. On average, analysts forecast that Kone Oyj Unsponsored ADR will post 1.29 earnings per share for the current year.

Kone Oyj Company Profile

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.