Kone Oyj (OTCMKTS:KNYJY) Rating Lowered to “Strong Sell” at Zacks Research

Kone Oyj (OTCMKTS:KNYJY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, Zacks reports.

Kone Oyj Price Performance

Shares of OTCMKTS KNYJY opened at $31.43 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.83 and a current ratio of 0.99. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29. The stock’s 50-day simple moving average is $29.62 and its 200-day simple moving average is $29.70. The firm has a market capitalization of $28.49 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.04 and a beta of 0.59.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. As a group, equities research analysts forecast that Kone Oyj will post 1.19 EPS for the current fiscal year.

About Kone Oyj

KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.

The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.

Founded in 1910, KONE is headquartered in Espoo, Finland, and serves customers internationally across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region, including Greater China.