Kone Oyj (OTCMKTS:KNYJY) Hits New 12-Month High – Time to Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $37.73 and last traded at $37.63, with a volume of 71479 shares trading hands. The stock had previously closed at $35.7940.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KNYJY. Barclays reissued an “underweight” rating on shares of Kone Oyj in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Citigroup lowered Kone Oyj from a “buy” rating to a “neutral” rating in a research report on Monday, January 26th. Finally, Sanford C. Bernstein raised Kone Oyj to a “strong-buy” rating in a research note on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kone Oyj has a consensus rating of “Hold”.

Kone Oyj Stock Up 1.1%

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 0.86. The business’s 50 day moving average is $35.99 and its 200-day moving average is $33.98. The company has a market cap of $33.76 billion, a PE ratio of 34.81, a P/E/G ratio of 2.59 and a beta of 0.65.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Friday, February 6th. The company reported $0.30 EPS for the quarter. Kone Oyj had a return on equity of 42.95% and a net margin of 8.76%.The business had revenue of $3.45 billion for the quarter. As a group, analysts predict that Kone Oyj Unsponsored ADR will post 1.06 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.