Kone Oyj (OTCMKTS:KNYJY) Stock Passes Below 200-Day Moving Average – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.03 and traded as low as $28.56. Kone Oyj shares last traded at $28.72, with a volume of 19,406 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on KNYJY shares. Evercore upgraded Kone Oyj to a “hold” rating in a research note on Monday, April 13th. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research downgraded shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Kone Oyj Stock Down 0.8%

The business has a 50-day moving average of $28.49 and a 200 day moving average of $32.03. The company has a market capitalization of $26.03 billion, a PE ratio of 27.09, a P/E/G ratio of 1.71 and a beta of 0.64. 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 released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a return on equity of 35.88% and a net margin of 8.33%. Equities research analysts predict that Kone Oyj Unsponsored ADR will post 1.2 earnings per share for the current 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.