KONE Oyj (OTCMKTS:KNYJY) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Shares of KONE Oyj (OTCMKTS:KNYJY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $27.16 and traded as high as $28.23. KONE Oyj shares last traded at $28.13, with a volume of 12,157 shares trading hands.

KONE Oyj Trading Down 0.9 %

The firm has a market capitalization of $29.78 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth ratio of 2.86 and a beta of 0.69. The firm’s 50 day moving average is $27.16 and its 200 day moving average is $25.71. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 0.22.

KONE Oyj (OTCMKTS:KNYJY) last released its earnings results on Friday, July 19th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. KONE Oyj had a net margin of 8.97% and a return on equity of 39.49%. The business had revenue of $3.02 billion during the quarter. Equities analysts forecast that KONE Oyj will post 1.12 earnings per share for the current year.

About KONE Oyj

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.