Kone Oyj (OTCMKTS:KNYJY) Sets New 12-Month Low – Should You Sell?

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.12 and last traded at $29.27, with a volume of 113871 shares. The stock had previously closed at $29.64.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Evercore raised shares of Kone Oyj to a “hold” rating in a research note on Monday, April 13th. Citigroup downgraded shares of Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Finally, BNP Paribas Exane raised shares of Kone Oyj to a “strong sell” rating in a research report on Tuesday, March 3rd. One research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Kone Oyj Stock Down 1.2%

The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 0.18. The firm has a market cap of $26.53 billion, a PE ratio of 26.85, a P/E/G ratio of 1.58 and a beta of 0.66. The business’s 50-day simple moving average is $32.49 and its 200 day simple moving average is $34.28.

Kone Oyj (OTCMKTS:KNYJY) last posted its earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. As a group, equities research analysts expect that Kone Oyj Unsponsored ADR will post 1.29 earnings per share for the current 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.