Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 10,426 shares, an increase of 152.9% from the July 30th total of 4,122 shares. Based on an average daily trading volume, of 37,284 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are sold short.
Analyst Upgrades and Downgrades
KNYJY has been the subject of several research reports. Zacks Research lowered shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Kepler Capital Markets raised shares of Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold”.
Get Our Latest Report on Kone Oyj
Kone Oyj Stock Up 0.1%
Kone Oyj (OTCMKTS:KNYJY – Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $3.38 billion. On average, research analysts forecast that Kone Oyj will post 1.2 EPS 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.
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