KONE Oyj (OTCMKTS:KNYJY) Cut to “Strong Sell” at Royal Bank of Canada

Royal Bank of Canada cut shares of KONE Oyj (OTCMKTS:KNYJY) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

KONE Oyj Stock Up 3.6 %

Shares of KNYJY opened at $25.93 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. KONE Oyj has a twelve month low of $21.55 and a twelve month high of $30.12. The company has a 50 day moving average of $27.58 and a 200-day moving average of $26.46.

KONE Oyj (OTCMKTS:KNYJY) last released its earnings results on Thursday, October 24th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The business had revenue of $3.03 billion during the quarter. On average, sell-side analysts predict that KONE Oyj will post 1.1 EPS 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.