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Kone Oyj (OTCMKTS:KNYJY) Sees Large Volume Increase - Still a Buy?

Kone Oyj logo with Industrials background

Key Points

  • Kone Oyj shares experienced a significant trading volume increase of 607%, with 241,761 shares traded on Friday, compared to 34,191 shares during the previous session.
  • The stock price saw a 1.9% decline to last trade at $32.60, just below its previous close of $33.09, amidst various financial metrics including a market capitalization of $29.43 billion.
  • Kone Oyj reported $0.30 earnings per share and a revenue of $3.23 billion during its last quarterly earnings, with analysts predicting an average of 1.06 EPS for the current year.
  • Interested in Kone Oyj? Here are five stocks we like better.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) shares saw strong trading volume on Friday . 241,761 shares traded hands during mid-day trading, an increase of 607% from the previous session's volume of 34,191 shares.The stock last traded at $32.60 and had previously closed at $33.09.

Kone Oyj Stock Down 1.9%

The stock has a market capitalization of $29.43 billion, a price-to-earnings ratio of 31.52, a PEG ratio of 2.95 and a beta of 0.67. The firm's fifty day moving average is $32.24 and its 200-day moving average is $31.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.83.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $3.23 billion for the quarter. Kone Oyj had a net margin of 8.69% and a return on equity of 39.38%. On average, sell-side analysts predict that Kone Oyj Unsponsored ADR will post 1.06 earnings per share for the current year.

About Kone Oyj

(Get Free Report)

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.

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