Kone Oyj (OTCMKTS:KNYJY) Sets New 52-Week Low – What’s Next?

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) hit a new 52-week low on Friday . The stock traded as low as $28.99 and last traded at $29.01, with a volume of 29359 shares trading hands. The stock had previously closed at $29.27.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KNYJY. Evercore upgraded Kone Oyj to a “hold” rating in a research report on Monday, April 13th. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Kone Oyj presently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $31.40 and its 200-day moving average is $33.80. The company has a market capitalization of $26.18 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) 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 return on equity of 39.08% and a net margin of 8.71%. Equities analysts anticipate that Kone Oyj Unsponsored ADR will post 1.29 EPS 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.