Kone Oyj (OTCMKTS:KNYJY) Reaches New 52-Week High - Here's Why

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as $32.86 and last traded at $32.65, with a volume of 5685 shares trading hands. The stock had previously closed at $32.32.

Analyst Ratings Changes

Separately, Kepler Capital Markets lowered shares of Kone Oyj from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th.

Kone Oyj Price Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market cap of $29.72 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 2.41 and a beta of 0.69. The company's fifty day moving average is $31.15 and its two-hundred day moving average is $28.18.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.76 billion. Kone Oyj had a net margin of 8.58% and a return on equity of 36.24%. Equities research analysts forecast that Kone Oyj Unsponsored ADR will post 1.06 EPS for the current year.

Kone Oyj Company Profile

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. The company provides elevators, escalators, and automatic building doors. It offers maintenance services; and modernization solutions. In addition, the company offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators.