Kone Oyj (OTCMKTS:KNYJY) Sets New 1-Year High – Still a Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $34.2860 and last traded at $34.2860, with a volume of 6600 shares traded. The stock had previously closed at $33.93.

Analyst Ratings Changes

Separately, Barclays reiterated an “underweight” rating on shares of Kone Oyj in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kone Oyj currently has an average rating of “Reduce”.

Kone Oyj Trading Down 0.2%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.02. The firm has a 50-day moving average of $33.51 and a 200-day moving average of $32.46. The firm has a market capitalization of $31.50 billion, a P/E ratio of 34.07, a price-to-earnings-growth ratio of 2.72 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.25 earnings per share for the quarter. Kone Oyj had a return on equity of 38.70% and a net margin of 8.48%.The firm had revenue of $3.23 billion during the quarter. On average, equities research analysts anticipate that Kone Oyj Unsponsored ADR will post 1.06 EPS for the current fiscal 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.