Kone Oyj (OTCMKTS:KNYJY) Sets New 1-Year Low - Should You Sell?

Key Points

• Kone Oyj shares hit a new 52-week low, trading as low as $30.05 and last at $30.1450 on the day.
• Analysts are mixed with an average rating of "Hold" (1 Strong Buy, 3 Hold, 2 Sell) following recent upgrades and downgrades from BNP Paribas Exane, Citigroup, RBC and Evercore.
• In the latest quarter Kone slightly missed EPS ($0.24 vs. $0.25) but beat revenue estimates ($3.12B vs. $2.66B); the company has a market cap of $27.3B, a PE of 27.63 and a strong ROE of 39.08%.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $30.05 and last traded at $30.1450, with a volume of 9134 shares changing hands. The stock had previously closed at $30.45.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BNP Paribas Exane raised Kone Oyj to a "strong sell" rating in a research report on Tuesday, March 3rd. Citigroup lowered Kone Oyj from a "buy" rating to a "neutral" rating in a research note on Monday, January 26th. Royal Bank Of Canada upgraded Kone Oyj from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 13th. Finally, Evercore upgraded Kone Oyj to a "hold" rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Kone Oyj Price Performance

The stock has a 50 day simple moving average of $33.09 and a two-hundred day simple moving average of $34.38. The firm has a market cap of $27.30 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 1.65 and a beta of 0.66. 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 - Get Free Report) last released its quarterly earnings data 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 company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $2.66 billion. Kone Oyj had a net margin of 8.71% and a return on equity of 39.08%. Sell-side analysts expect that Kone Oyj Unsponsored ADR will post 1.29 earnings per share for the current year.

Kone Oyj Company Profile

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.

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