Kone Oyj (OTCMKTS:KNYJY) Reaches New 1-Year Low – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $28.32 and last traded at $28.37, with a volume of 37040 shares traded. The stock had previously closed at $28.79.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KNYJY. Evercore upgraded shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kone Oyj has a consensus rating of “Hold”.

Kone Oyj Trading Down 1.5%

The company has a market cap of $25.71 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.53 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92. The firm’s fifty day moving average price is $31.15 and its 200-day moving average price is $33.69.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. The firm had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. On average, equities analysts expect that Kone Oyj Unsponsored ADR will post 1.29 EPS for the current fiscal year.

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.