Kone Oyj (OTCMKTS:KNYJY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $28.93 and traded as high as $29.93. Kone Oyj shares last traded at $29.83, with a volume of 11,622 shares.

Wall Street Analysts Forecast Growth

KNYJY has been the topic of a number of recent research reports. Zacks Research downgraded shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. One 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Kone Oyj Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.99. The company has a fifty day moving average price of $28.93 and a two-hundred day moving average price of $30.80. The company has a market cap of $27.04 billion, a P/E ratio of 28.14, a PEG ratio of 1.76 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last released its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). The company had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $3.38 billion. Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. On average, sell-side analysts anticipate that Kone Oyj Unsponsored ADR will post 1.2 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.