Kone Oyj (OTCMKTS:KNYJY) Shares Gap Up – Here’s What Happened

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $28.70, but opened at $29.47. Kone Oyj shares last traded at $29.40, with a volume of 3,148 shares traded.

Analyst Upgrades and Downgrades

KNYJY has been the topic of a number of recent research reports. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Zacks Research upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Kone Oyj Trading Down 0.4%

The company has a market capitalization of $26.43 billion, a PE ratio of 27.51, a PEG ratio of 1.73 and a beta of 0.59. The company has a fifty day simple moving average of $29.35 and a 200-day simple moving average of $29.79. The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.05). Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%.The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Analysts predict that Kone Oyj Unsponsored ADR will post 1.2 EPS for the current year.

About Kone Oyj

KONE Oyj is a Finland-based company that develops, manufactures, sells, installs and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, improve accessibility and enhance building flow.

The company provides equipment for new construction as well as maintenance, modernization and replacement services for existing installations. Its offerings include digital systems and connected services designed to support equipment monitoring, predictive maintenance and improved passenger experiences.

Founded in 1910 and headquartered in Espoo, Finland, KONE serves customers across Europe, the Middle East and Africa, the Americas and the Asia-Pacific region.