Kone Oyj (OTCMKTS:KNYJY) Shares Gap Up – Here’s Why

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) gapped up before the market opened on Tuesday . The stock had previously closed at $34.91, but opened at $37.22. Kone Oyj shares last traded at $37.21, with a volume of 1,349 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a research note on Wednesday, December 3rd. Royal Bank Of Canada raised shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Citigroup lowered shares of Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. Finally, Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Kone Oyj Trading Up 5.1%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a market capitalization of $34.09 billion, a P/E ratio of 35.15, a PEG ratio of 2.45 and a beta of 0.65. The firm has a 50 day simple moving average of $35.81 and a two-hundred day simple moving average of $33.88.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $3.45 billion for the quarter. Kone Oyj had a net margin of 8.76% and a return on equity of 42.95%. Equities research analysts forecast 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.