Kone Oyj (OTCMKTS:KNYJY) Share Price Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $29.27 and traded as high as $29.35. Kone Oyj shares last traded at $28.8965, with a volume of 24,492 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research raised shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Kone Oyj Trading Up 1.1%

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. The firm has a market cap of $25.98 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 1.70 and a beta of 0.59. The firm’s fifty day moving average is $29.29 and its 200-day moving average is $29.90.

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

Kone Oyj Company Profile

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.