Kone Oyj (OTCMKTS:KNYJY) Hits New 1-Year Low – Time to Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s share price hit a new 52-week low on Wednesday . The company traded as low as $27.48 and last traded at $27.55, with a volume of 3121 shares traded. The stock had previously closed at $28.08.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BNP Paribas Exane raised shares of Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Evercore raised Kone Oyj to a “hold” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

Kone Oyj Trading Up 2.1%

The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $25.53 billion, a P/E ratio of 25.84, a P/E/G ratio of 1.47 and a beta of 0.63. The firm’s 50-day moving average price is $30.15 and its 200 day moving average price is $33.23.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. As a group, equities research analysts predict that Kone Oyj Unsponsored ADR will post 1.29 earnings per share 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.