Kone Oyj (OTCMKTS:KNYJY) Sets New 12-Month Low – Should You Sell?

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.12 and last traded at $29.27, with a volume of 113871 shares trading hands. The stock had previously closed at $29.64.

Analyst Ratings Changes

KNYJY has been the subject of several research reports. Citigroup lowered shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Evercore upgraded shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. Finally, BNP Paribas Exane raised shares of Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kone Oyj Stock Down 1.2%

The company has a market cap of $26.53 billion, a PE ratio of 26.85, a P/E/G ratio of 1.58 and a beta of 0.66. The company’s 50 day moving average is $32.49 and its 200 day moving average is $34.28. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. As a group, analysts predict 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.