Kone Oyj (OTCMKTS:KNYJY) Sets New 52-Week High – Here’s What Happened

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) reached a new 52-week high on Friday . The company traded as high as $35.14 and last traded at $35.10, with a volume of 3532 shares traded. The stock had previously closed at $34.56.

Analyst Ratings Changes

KNYJY has been the subject of several analyst reports. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kone Oyj presently has an average rating of “Hold”.

Kone Oyj Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The stock has a market cap of $31.71 billion, a price-to-earnings ratio of 34.30, a PEG ratio of 2.68 and a beta of 0.65. The stock’s 50 day moving average is $33.57 and its two-hundred day moving average is $32.55.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.25 EPS for the quarter. The firm had revenue of $3.23 billion during the quarter. Kone Oyj had a return on equity of 38.70% and a net margin of 8.48%. Analysts anticipate that Kone Oyj Unsponsored ADR will post 1.06 earnings per share for the current fiscal year.

Kone Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.