KONE Oyj (OTCMKTS:KNYJY) Share Price Passes Above 50-Day Moving Average – What’s Next?

KONE Oyj (OTCMKTS:KNYJY)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $27.80 and traded as high as $28.01. KONE Oyj shares last traded at $27.73, with a volume of 22,238 shares changing hands.

KONE Oyj Trading Down 4.5 %

The firm has a market cap of $24.02 billion, a P/E ratio of 26.77, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. The business’s 50 day moving average is $27.82 and its 200-day moving average is $26.84. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24.

KONE Oyj (OTCMKTS:KNYJY) last released its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. As a group, analysts forecast that KONE Oyj will post 1.06 earnings per share for the current fiscal year.

KONE Oyj Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $0.9388 dividend. This is a boost from KONE Oyj’s previous dividend of $0.94. The ex-dividend date of this dividend was Friday, March 7th. KONE Oyj’s dividend payout ratio (DPR) is presently 41.41%.

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.