Kone Oyj (OTCMKTS:KNYJY) Hits New 52-Week High – Should You Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares reached a new 52-week high on Thursday . The company traded as high as $35.26 and last traded at $35.26, with a volume of 3221 shares changing hands. The stock had previously closed at $34.64.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays restated an “underweight” rating on shares of Kone Oyj in a report on Wednesday, December 3rd. Sanford C. Bernstein upgraded shares of Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Kone Oyj Trading Up 1.4%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 1.02. The stock has a market cap of $31.84 billion, a P/E ratio of 34.44, a P/E/G ratio of 2.72 and a beta of 0.65. The stock has a 50-day moving average price of $33.69 and a 200-day moving average price of $32.66.

Kone Oyj (OTCMKTS:KNYJY) last announced its earnings results on Thursday, October 23rd. The company reported $0.25 earnings per share for the quarter. Kone Oyj had a net margin of 8.48% and a return on equity of 38.70%. The business had revenue of $3.23 billion for the quarter. On average, equities research analysts expect that Kone Oyj Unsponsored ADR will post 1.06 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.