Kone Oyj (OTCMKTS:KNYJY) Sets New 12-Month High – Time to Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $37.37 and last traded at $37.28, with a volume of 1638 shares traded. The stock had previously closed at $37.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KNYJY shares. Royal Bank Of Canada upgraded shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Citigroup lowered Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. Barclays reissued an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Kone Oyj Trading Up 0.2%

The business has a fifty day moving average price of $35.60 and a 200-day moving average price of $33.64. The company has a market cap of $33.72 billion, a P/E ratio of 36.47, a PEG ratio of 2.52 and a beta of 0.65. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 0.20.

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.