Kone Oyj (OTCMKTS:KNYJY) Reaches New 1-Year Low – Here’s Why

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.44 and last traded at $27.45, with a volume of 1184 shares. The stock had previously closed at $28.11.

Analyst Ratings Changes

KNYJY has been the topic of a number of recent analyst reports. Evercore upgraded Kone Oyj to a “hold” rating in a report on Monday, April 13th. Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Kone Oyj Stock Performance

The firm’s 50-day moving average is $28.64 and its 200 day moving average is $32.31. The stock has a market cap of $24.06 billion, a PE ratio of 24.36, a P/E/G ratio of 1.48 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share (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, research analysts anticipate that Kone Oyj Unsponsored ADR will post 1.27 EPS for the current year.

About Kone Oyj

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.