Kone Oyj (OTCMKTS:KNYJY) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $34.75 and traded as high as $36.55. Kone Oyj shares last traded at $36.37, with a volume of 20,862 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays reiterated an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. Finally, Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kone Oyj Price Performance

The stock has a market cap 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 quick ratio of 0.86 and a current ratio of 1.02. The business has a 50 day moving average price of $34.80 and a two-hundred day moving average price of $33.25.

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