Kone Oyj (OTCMKTS:KNYJY) Sets New 1-Year Low – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s share price hit a new 52-week low on Friday . The company traded as low as $30.05 and last traded at $30.1450, with a volume of 9134 shares traded. The stock had previously closed at $30.45.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Evercore upgraded shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Kone Oyj presently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average is $33.09 and its two-hundred day moving average is $34.38. The stock has a market cap of $27.30 billion, a price-to-earnings ratio of 27.63, a P/E/G ratio of 1.65 and a beta of 0.66.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%.The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. As a group, sell-side analysts expect that Kone Oyj Unsponsored ADR will post 1.29 earnings per share 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.