Kone Oyj (OTCMKTS:KNYJY) Sets New 52-Week Low – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $28.99 and last traded at $29.01, with a volume of 29359 shares traded. The stock had previously closed at $29.27.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KNYJY shares. BNP Paribas Exane raised shares of Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Evercore raised shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kone Oyj currently has an average rating of “Hold”.

Kone Oyj Stock Down 1.6%

The company has a market capitalization of $26.10 billion, a PE ratio of 26.42, a PEG ratio of 1.54 and a beta of 0.63. The company’s 50 day moving average is $31.33 and its two-hundred day moving average is $33.77. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18.

Kone Oyj (OTCMKTS:KNYJY) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. On average, analysts anticipate that Kone Oyj Unsponsored ADR will post 1.29 earnings per share 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.