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KONE Oyj (OTCMKTS:KNYJY) Sets New 52-Week High - Here's Why

KONE Oyj logo with Industrials background

Shares of KONE Oyj (OTCMKTS:KNYJY - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $32.58 and last traded at $32.58, with a volume of 28968 shares. The stock had previously closed at $31.74.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets cut shares of KONE Oyj from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th.

View Our Latest Analysis on KONE Oyj

KONE Oyj Stock Performance

The company has a market capitalization of $29.21 billion, a PE ratio of 32.56, a PEG ratio of 2.70 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The firm's 50-day simple moving average is $30.33 and its 200-day simple moving average is $27.77.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.76 billion. KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. On average, research analysts predict that KONE Oyj 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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