Kone Oyj (OTCMKTS:KNYJY) Sees Strong Trading Volume – Should You Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw unusually-strong trading volume on Friday . Approximately 88,461 shares traded hands during trading, an increase of 215% from the previous session’s volume of 28,076 shares.The stock last traded at $36.5050 and had previously closed at $36.37.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KNYJY. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. Sanford C. Bernstein upgraded shares of Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. Finally, Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kone Oyj Trading Up 0.1%

The company’s fifty day simple moving average is $34.80 and its 200-day simple moving average is $33.25. The firm has a market capitalization of $33.01 billion, a PE ratio of 35.71, a P/E/G ratio of 2.49 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86.

Kone Oyj (OTCMKTS:KNYJY) last released its earnings results on Thursday, October 23rd. The company reported $0.25 EPS for the quarter. The business had revenue of $3.23 billion during the quarter. Kone Oyj had a net margin of 8.48% and a return on equity of 38.70%. As a group, sell-side analysts expect that Kone Oyj Unsponsored ADR will post 1.06 earnings per share for the current fiscal 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.