Kone Oyj (OTCMKTS:KNYJY) Stock Dropped to “Strong Sell” by Zacks Research

Kone Oyj (OTCMKTS:KNYJY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday, Zacks reports.

Kone Oyj Stock Performance

OTCMKTS KNYJY opened at $31.43 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. Kone Oyj has a 1 year low of $26.52 and a 1 year high of $38.29. The company has a market capitalization of $28.49 billion, a PE ratio of 29.65, a P/E/G ratio of 2.04 and a beta of 0.59. The company has a fifty day moving average of $29.62 and a two-hundred day moving average of $29.70.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (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 firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.38 billion. As a group, analysts expect that Kone Oyj will post 1.19 earnings per share for the current year.

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.