Kone Oyj (OTCMKTS:KNYJY) Sees Large Volume Increase – Still a Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw an uptick in trading volume on Friday . 88,461 shares changed hands during mid-day trading, an increase of 215% from the previous session’s volume of 28,076 shares.The stock last traded at $36.5050 and had previously closed at $36.37.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Barclays reissued an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Kone Oyj Stock Performance

The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average of $34.75 and a two-hundred day moving average of $33.23. The stock has a market capitalization of $32.96 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 2.48 and a beta of 0.66.

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

About Kone Oyj

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.