Kone Oyj (OTCMKTS:KNYJY) Sees Strong Trading Volume – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJYGet Free Report) shares saw strong trading volume on Thursday . 78,759 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 57,184 shares.The stock last traded at $29.63 and had previously closed at $29.91.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a report on Tuesday, March 3rd. Evercore raised Kone Oyj to a “hold” rating in a report on Monday, April 13th. Finally, Citigroup downgraded Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

View Our Latest Report on KNYJY

Kone Oyj Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.58 and a beta of 0.66. The stock has a fifty day moving average of $31.86 and a 200 day moving average of $34.07.

Kone Oyj (OTCMKTS:KNYJYGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. On average, analysts expect that Kone Oyj Unsponsored ADR will post 1.29 EPS for the current fiscal year.

Kone Oyj Company Profile

(Get Free Report)

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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