KONE Oyj (OTCMKTS:KNYJY) Shares Pass Below Fifty Day Moving Average – Time to Sell?

KONE Oyj (OTCMKTS:KNYJY)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $25.81 and traded as low as $24.37. KONE Oyj shares last traded at $24.43, with a volume of 29,592 shares changing hands.

Wall Street Analysts Forecast Growth

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

KONE Oyj Trading Down 0.4 %

The firm’s fifty day simple moving average is $25.75 and its 200-day simple moving average is $26.28. The stock has a market cap of $25.76 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 3.60 and a beta of 0.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.06.

KONE Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The business had revenue of $3.03 billion for the quarter. Equities research analysts expect that KONE Oyj will post 0.99 EPS for the current fiscal year.

About KONE Oyj

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.