Kone Oyj (OTCMKTS:KNYJY) Sees Large Volume Increase – Should You Buy?

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) shares saw unusually-strong trading volume on Thursday . Approximately 78,759 shares were traded during mid-day trading, an increase of 38% from the previous session’s volume of 57,184 shares.The stock last traded at $29.63 and had previously closed at $29.91.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Citigroup downgraded Kone Oyj from a “buy” rating to a “neutral” rating in a research note on Monday, January 26th. Evercore raised Kone Oyj to a “hold” rating in a research note on Monday, April 13th. Finally, BNP Paribas Exane raised Kone Oyj to a “strong sell” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Kone Oyj Stock Down 1.2%

The firm has a market capitalization of $26.79 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.58 and a beta of 0.66. The business has a 50 day simple moving average of $31.99 and a 200-day simple moving average of $34.13. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08.

Kone Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $3.12 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Kone Oyj had a return on equity of 39.08% and a net margin of 8.71%. On average, equities analysts expect that Kone Oyj Unsponsored ADR will post 1.29 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.