Kone Oyj (OTCMKTS:KNYJY) Hits New 1-Year High – Here’s What Happened

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price reached a new 52-week high on Thursday . The company traded as high as $35.26 and last traded at $35.26, with a volume of 3221 shares trading hands. The stock had previously closed at $34.64.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KNYJY shares. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Kone Oyj presently has an average rating of “Hold”.

Kone Oyj Stock Performance

The firm’s fifty day moving average price is $33.69 and its 200 day moving average price is $32.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market cap of $31.84 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 2.72 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.25 earnings per share for the quarter. Kone Oyj had a return on equity of 38.70% and a net margin of 8.48%.The business had revenue of $3.23 billion for the quarter. Sell-side analysts expect that Kone Oyj Unsponsored ADR will post 1.06 EPS for the current fiscal year.

Kone Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.