Kone Oyj (OTCMKTS:KNYJY) Shares Gap Down – Here’s What Happened

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $37.04, but opened at $35.2350. Kone Oyj shares last traded at $35.4805, with a volume of 1,525 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BNP Paribas Exane upgraded shares of Kone Oyj to a “strong sell” rating in a report on Tuesday. Royal Bank Of Canada upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Citigroup cut Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. Barclays reaffirmed an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein upgraded Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Kone Oyj Price Performance

The stock has a market capitalization of $31.67 billion, a P/E ratio of 32.65, a PEG ratio of 2.59 and a beta of 0.64. 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 firm has a fifty day moving average price of $36.29 and a two-hundred day moving average price of $34.38.

Kone Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Friday, February 6th. The company reported $0.30 EPS for the quarter. The company had revenue of $3.45 billion during the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%. As a group, analysts expect that Kone Oyj Unsponsored ADR will post 1.06 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.