Kone Oyj (OTCMKTS:KNYJY) Hits New 1-Year High – Here’s Why

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares hit a new 52-week high during trading on Friday . The stock traded as high as $35.73 and last traded at $35.71, with a volume of 4077 shares changing hands. The stock had previously closed at $35.40.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Kone Oyj Trading Up 0.8%

The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $34.25 and its 200 day moving average is $32.95. The company has a market cap of $32.35 billion, a price-to-earnings ratio of 34.99, a price-to-earnings-growth ratio of 2.77 and a beta of 0.66.

Kone Oyj (OTCMKTS:KNYJY) last announced its earnings results on Thursday, October 23rd. The company reported $0.25 earnings per share (EPS) for the quarter. Kone Oyj had a net margin of 8.48% and a return on equity of 38.70%. The business had revenue of $3.23 billion for the quarter. Research analysts predict that Kone Oyj Unsponsored ADR will post 1.06 EPS for the current 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.