Kone Oyj (OTCMKTS:KNYJY) Trading Down 6.7% – Here’s What Happened

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) fell 6.7% on Monday . The company traded as low as $34.94 and last traded at $34.94. 1,410 shares changed hands during trading, a decline of 98% from the average session volume of 62,500 shares. The stock had previously closed at $37.4650.

Analysts Set New Price Targets

A number of brokerages recently commented on KNYJY. Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. Royal Bank Of Canada raised shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Citigroup lowered shares of Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kone Oyj Price Performance

The company’s 50 day simple moving average is $35.71 and its 200 day simple moving average is $33.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86. The stock has a market cap of $32.07 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.43 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $3.45 billion during the quarter. Kone Oyj had a net margin of 8.76% and a return on equity of 42.95%. As a group, equities analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 earnings per share for the current 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.