Kone Oyj (OTCMKTS:KNYJY) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.03 and traded as low as $28.56. Kone Oyj shares last traded at $28.72, with a volume of 19,406 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. Evercore upgraded Kone Oyj to a “hold” rating in a research report on Monday, April 13th. Finally, Zacks Research cut Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Kone Oyj presently has a consensus rating of “Hold”.

Kone Oyj Stock Up 1.2%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08. The stock’s 50 day moving average price is $28.47 and its 200-day moving average price is $31.97. The company has a market cap of $26.12 billion, a PE ratio of 27.19, a PEG ratio of 1.69 and a beta of 0.64.

Kone Oyj (OTCMKTS:KNYJY) last issued its earnings results on Wednesday, July 22nd. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). The business had revenue of $3.36 billion during the quarter, compared to analysts’ expectations of $3.38 billion. Kone Oyj had a return on equity of 35.88% and a net margin of 8.33%. On average, analysts predict that Kone Oyj Unsponsored ADR will post 1.2 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.