Kone Oyj (OTCMKTS:KNYJY) Shares Pass Above 50 Day Moving Average – Here’s Why

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $33.20 and traded as high as $33.94. Kone Oyj shares last traded at $33.94, with a volume of 23,006 shares changing hands.

Kone Oyj Trading Up 0.4%

The business has a 50-day moving average of $33.20 and a 200-day moving average of $32.01. The stock has a market capitalization of $30.76 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 2.66 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.98.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.25 earnings per share for the quarter. The company had revenue of $3.23 billion during the quarter. Kone Oyj had a return on equity of 39.83% and a net margin of 8.48%. As a group, research analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 EPS for the current 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.