Kone Oyj (OTCMKTS:KNYJY) Posts Earnings Results

Kone Oyj (OTCMKTS:KNYJY) issued its earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, Zacks reports. Kone Oyj had a net margin of 8.48% and a return on equity of 38.70%. The firm had revenue of $3.45 billion for the quarter.

Kone Oyj Trading Down 5.2%

Shares of OTCMKTS KNYJY opened at $35.50 on Friday. The stock has a market capitalization of $32.18 billion, a P/E ratio of 34.80, a PEG ratio of 2.57 and a beta of 0.65. Kone Oyj has a 1-year low of $25.42 and a 1-year high of $37.62. The business’s 50 day moving average is $35.71 and its two-hundred day moving average is $33.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86.

Analyst Upgrades and Downgrades

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

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.