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

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY) saw unusually-high trading volume on Wednesday. Approximately 68,296 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 55,943 shares. The stock last traded at $30.43 and had previously closed at $30.55.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KNYJY. Kepler Capital Markets upgraded Kone Oyj from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Zacks Research upgraded Kone Oyj from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Kone Oyj Stock Performance

The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a market cap of $27.44 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.99 and a beta of 0.59. The stock’s fifty day moving average is $29.50 and its 200-day moving average is $29.70.

Kone Oyj (OTCMKTS:KNYJY) last posted its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. Kone Oyj had a return on equity of 38.87% and a net margin of 8.33%. On average, analysts forecast that Kone Oyj Unsponsored ADR will post 1.19 EPS for the current year.

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.