Kone Oyj (OTCMKTS:KNYJY) Posts Earnings Results

Kone Oyj (OTCMKTS:KNYJY) released its quarterly earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, Zacks reports. Kone Oyj had a return on equity of 38.70% and a net margin of 8.48%.

Kone Oyj Trading Down 5.5%

OTCMKTS KNYJY traded down $2.05 on Friday, reaching $35.42. The company had a trading volume of 16,983 shares, compared to its average volume of 61,993. Kone Oyj has a fifty-two week low of $25.42 and a fifty-two week high of $37.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86. The firm has a market cap of $32.10 billion, a price-to-earnings ratio of 34.72, a P/E/G ratio of 2.54 and a beta of 0.65. The business has a 50 day moving average of $35.67 and a two-hundred day moving average of $33.67.

Analyst Ratings Changes

KNYJY has been the topic of several recent research reports. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Royal Bank Of Canada upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Citigroup lowered shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Finally, Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kone Oyj presently has an average rating of “Hold”.

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.