Kone Oyj (OTCMKTS:KNYJY) Hits New 12-Month Low – Here’s Why

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $27.44 and last traded at $27.45, with a volume of 1184 shares changing hands. The stock had previously closed at $28.11.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KNYJY. Evercore raised shares of Kone Oyj to a “hold” rating in a research report on Monday, April 13th. Kepler Capital Markets upgraded shares of Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Kone Oyj Price Performance

The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.52 and a beta of 0.64. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18. The company has a 50 day simple moving average of $28.74 and a 200 day simple moving average of $32.43.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share 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 during the quarter, compared to analyst estimates of $2.66 billion. As a group, research analysts predict that Kone Oyj Unsponsored ADR will post 1.27 EPS 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.