Kone Oyj (OTCMKTS:KNYJY) Sees Large Volume Increase – What’s Next?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares saw an uptick in trading volume on Tuesday . 144,739 shares traded hands during trading, an increase of 161% from the previous session’s volume of 55,404 shares.The stock last traded at $31.50 and had previously closed at $31.63.

Analysts Set New Price Targets

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

Kone Oyj Trading Up 0.3%

The company has a fifty day simple moving average of $35.00 and a two-hundred day simple moving average of $34.47. The company has a market capitalization of $28.76 billion, a P/E ratio of 29.66, a price-to-earnings-growth ratio of 1.70 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.08 and a quick ratio of 0.92.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $3.45 billion during the quarter. Kone Oyj had a return on equity of 40.59% and a net margin of 8.76%. On average, analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 earnings per share 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.