Kone Oyj (OTCMKTS:KNYJY) Reaches New 1-Year Low – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) reached a new 52-week low during trading on Thursday . The stock traded as low as $28.32 and last traded at $28.37, with a volume of 37040 shares changing hands. The stock had previously closed at $28.79.

Analyst Upgrades and Downgrades

KNYJY has been the topic of several research reports. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Evercore upgraded shares of Kone Oyj to a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Kone Oyj Trading Down 1.5%

The business’s 50-day moving average price is $31.15 and its 200 day moving average price is $33.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.53 and a beta of 0.63.

Kone Oyj (OTCMKTS:KNYJY) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. On average, equities analysts forecast that Kone Oyj Unsponsored ADR will post 1.29 earnings per share for the current fiscal 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.