KONE Oyj (OTCMKTS:KNYJY) Shares Cross Above Fifty Day Moving Average – What’s Next?

KONE Oyj (OTCMKTS:KNYJY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $24.90 and traded as high as $25.33. KONE Oyj shares last traded at $25.20, with a volume of 22,340 shares.

Analysts Set New Price Targets

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

KONE Oyj Stock Up 1.0 %

The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm’s 50-day moving average price is $24.90 and its 200 day moving average price is $26.20. The firm has a market cap of $22.84 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 3.32 and a beta of 0.69.

KONE Oyj (OTCMKTS:KNYJY) last posted its earnings results on Thursday, October 24th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $3.03 billion during the quarter. KONE Oyj had a return on equity of 39.77% and a net margin of 8.98%. As a group, research analysts expect that KONE Oyj will post 1.01 earnings per share 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.