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 stock traded as low as $27.44 and last traded at $27.45, with a volume of 1184 shares traded. The stock had previously closed at $28.11.

Wall Street Analyst Weigh In

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

Kone Oyj Trading Down 1.1%

The firm has a market capitalization of $24.92 billion, a PE ratio of 25.22, a P/E/G ratio of 1.52 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 of $28.74 and a 200 day moving average of $32.43.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. Equities research analysts expect 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.