Kone Oyj (OTCMKTS:KNYJY) Sees Large Volume Increase – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares saw unusually-high trading volume on Tuesday . Approximately 144,739 shares were traded during trading, an increase of 161% from the previous session’s volume of 55,404 shares.The stock last traded at $31.50 and had previously closed at $31.63.

Analysts Set New Price Targets

Several brokerages have issued reports on KNYJY. Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Royal Bank Of Canada upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Barclays reiterated an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Finally, BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Kone Oyj has a consensus rating of “Hold”.

Kone Oyj Stock Down 0.3%

The firm’s fifty day moving average is $34.84 and its 200-day moving average is $34.44. The company has a market capitalization of $28.84 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.72 and a beta of 0.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings results on Friday, February 6th. The company reported $0.30 EPS for the quarter. The company had revenue of $3.45 billion during the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%. As a group, equities research analysts predict that Kone Oyj Unsponsored ADR will post 1.06 EPS 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.