Kone Oyj (OTCMKTS:KNYJY) Sees Large Volume Increase – Here’s What Happened

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw strong trading volume on Wednesday. 68,296 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 55,943 shares. The stock last traded at $30.43 and had previously closed at $30.55.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Kone Oyj Stock Up 3.4%

The company has a current ratio of 0.99, a quick ratio of 0.83 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $28.35 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 1.97 and a beta of 0.59. The stock’s fifty day moving average is $29.57 and its 200 day moving average is $29.69.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.38 billion. Research analysts predict that Kone Oyj Unsponsored ADR will post 1.19 EPS for the current fiscal 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.