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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $36.84 and last traded at $36.59, with a volume of 2761 shares traded. The stock had previously closed at $36.18.

Analysts Set New Price Targets

Several brokerages have issued reports on KNYJY. Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Kone Oyj Stock Up 1.7%

The business has a 50-day simple moving average of $34.93 and a two-hundred day simple moving average of $33.33. The company has a market capitalization of $33.35 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 2.45 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.

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