KONE Oyj (OTCMKTS:KNYJY) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of KONE Oyj (OTCMKTS:KNYJY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.90 and traded as high as $25.92. KONE Oyj shares last traded at $25.80, with a volume of 20,087 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada lowered shares of KONE Oyj from a “hold” rating to a “strong sell” rating in a research note on Monday, November 25th.

KONE Oyj Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.06. The firm has a market cap of $23.38 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 3.48 and a beta of 0.69. The stock’s 50 day simple moving average is $24.90 and its 200 day simple moving average is $26.20.

KONE Oyj (OTCMKTS:KNYJY) last posted its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.04). KONE Oyj had a return on equity of 40.15% and a net margin of 8.57%. Research analysts anticipate that KONE Oyj will post 1.05 EPS for the current year.

KONE Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.