Kone Oyj (OTCMKTS:KNYJY) Shares Down 6.7% – Here’s Why

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) were down 6.7% during trading on Monday . The company traded as low as $34.94 and last traded at $34.94. Approximately 1,410 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 62,500 shares. The stock had previously closed at $37.4650.

Analysts Set New Price Targets

KNYJY has been the topic of a number of research reports. Barclays restated an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Sanford C. Bernstein raised shares of Kone Oyj to a “strong-buy” rating in a report on Friday, December 5th. Royal Bank Of Canada raised shares of Kone Oyj from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Citigroup downgraded Kone Oyj from a “buy” rating to a “neutral” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Kone Oyj Trading Down 0.3%

The company has a 50-day simple moving average of $35.71 and a 200-day simple moving average of $33.71. 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 $32.07 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.43 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings results on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $3.45 billion for the quarter. Kone Oyj had a net margin of 8.76% and a return on equity of 42.95%. On average, sell-side analysts forecast 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.