Kone Oyj (OTCMKTS:KNYJY) Shares Gap Up – Still a Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $34.91, but opened at $37.22. Kone Oyj shares last traded at $37.21, with a volume of 1,349 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KNYJY. 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 Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup cut Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. Finally, Barclays reissued an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

The stock has a fifty day simple moving average of $35.81 and a 200-day simple moving average of $33.88. The stock has a market cap of $34.09 billion, a P/E ratio of 35.15, a PEG ratio of 2.45 and a beta of 0.65. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.20.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data 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%. Equities analysts expect that Kone Oyj Unsponsored ADR will post 1.06 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.