Kone Oyj (OTCMKTS:KNYJY – Get Free Report) issued its earnings results on Wednesday. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01), Zacks reports.
Kone Oyj Stock Down 4.0%
KNYJY traded down $1.25 during midday trading on Wednesday, reaching $30.13. The company had a trading volume of 23,412 shares, compared to its average volume of 57,918. The business has a 50-day moving average price of $29.71 and a two-hundred day moving average price of $31.29. Kone Oyj has a 12-month low of $26.52 and a 12-month high of $38.29.
Analyst Upgrades and Downgrades
Separately, Zacks Research downgraded shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Kone Oyj
Kone Oyj Company Profile
KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.
The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.
Founded in 1910, KONE is headquartered in Espoo, Finland, and serves customers internationally across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region, including Greater China.
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