Kone Oyj (OTCMKTS:KNYJY) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Kone Oyj (OTCMKTS:KNYJY) announced its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01), Zacks reports.

Kone Oyj Stock Performance

KNYJY stock traded down $1.18 during midday trading on Wednesday, reaching $30.20. The company had a trading volume of 21,287 shares, compared to its average volume of 57,909. The stock has a 50 day moving average price of $29.71 and a 200 day moving average price of $31.29. Kone Oyj has a fifty-two week low of $26.52 and a fifty-two week high of $38.29.

Analyst Ratings Changes

Separately, Zacks Research downgraded Kone Oyj from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Kone Oyj

KONE Oyj is a Finland-based company that designs, manufactures, installs, modernizes and maintains elevators, escalators and automatic building doors. Its solutions are used in residential, commercial, infrastructure and public buildings, with a focus on improving the movement of people within buildings and urban environments.

The company provides new equipment as well as maintenance and modernization services for existing installations. Its offerings also include digital and connected solutions intended to support equipment monitoring, predictive maintenance, access management and smoother passenger flows.

Founded in 1910, KONE is headquartered in Espoo, Finland, and serves customers internationally across Europe, the Middle East and Africa, the Americas, and the Asia-Pacific region, including Greater China.