Kone Oyj (OTCMKTS:KNYJY) Reaches New 12-Month High – Should You Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) reached a new 52-week high during trading on Thursday . The stock traded as high as $36.84 and last traded at $36.59, with a volume of 2761 shares trading hands. The stock had previously closed at $36.18.

Analyst Upgrades and Downgrades

KNYJY has been the topic of a number of recent research reports. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kone Oyj Price Performance

The stock has a fifty day simple moving average of $34.93 and a 200-day simple moving average of $33.33. The company has a market capitalization of $33.35 billion, a PE ratio of 36.07, a P/E/G ratio of 2.45 and a beta of 0.66. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

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