Kone Oyj (OTCMKTS:KNYJY) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $28.45 and traded as high as $29.65. Kone Oyj shares last traded at $29.55, with a volume of 25,303 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on KNYJY. Zacks Research cut shares of Kone Oyj from a “hold” rating to a “strong sell” rating in a research note on Friday, July 24th. Kepler Capital Markets raised Kone Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Kone Oyj Stock Down 1.4%

The firm has a fifty day simple moving average of $28.45 and a 200 day simple moving average of $31.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08. The company has a market cap of $26.25 billion, a PE ratio of 27.32, a PEG ratio of 1.74 and a beta of 0.64.

Kone Oyj (OTCMKTS:KNYJY) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Kone Oyj had a return on equity of 35.88% and a net margin of 8.33%.The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Equities research analysts predict that Kone Oyj Unsponsored ADR will post 1.2 EPS for the current year.

Kone Oyj Company Profile

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.