Kone Oyj (OTCMKTS:KNYJY) Sets New 52-Week Low – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $28.99 and last traded at $29.01, with a volume of 29359 shares changing hands. The stock had previously closed at $29.27.

Wall Street Analyst Weigh In

KNYJY has been the topic of a number of research reports. BNP Paribas Exane upgraded Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. Evercore raised Kone Oyj to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Kone Oyj Stock Down 1.3%

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 company has a market cap of $26.18 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 1.57 and a beta of 0.63. The company has a fifty day moving average price of $31.40 and a 200 day moving average price of $33.80.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. As a group, analysts anticipate that Kone Oyj Unsponsored ADR will post 1.29 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.