Kone Oyj (OTCMKTS:KNYJY) Share Price Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Kone shares fell below their 50-day moving average, trading as low as $33.1410 versus a 50-day MA of $34.32 and last at $33.4780 on volume of 105,685 shares.
• Analyst sentiment is mixed with an average rating of "Hold" — the coverage includes one Strong Buy, three Holds and two Sells, and recent notable moves include Citigroup cutting its rating to Neutral.
• Fundamentals show a $30.34 billion market cap, a P/E of 31.29 and a PEG of 1.79; last quarter EPS was $0.30 on $3.45 billion revenue, with an 8.76% net margin and 40.59% ROE.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $34.32 and traded as low as $33.1410. Kone Oyj shares last traded at $33.4780, with a volume of 105,685 shares changing hands.

Wall Street Analysts Forecast Growth

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

Kone Oyj Stock Up 0.8%

The company has a market capitalization of $30.34 billion, a price-to-earnings ratio of 31.29, a P/E/G ratio of 1.79 and a beta of 0.69. The business's 50-day moving average is $34.32 and its 200-day moving average is $34.40. The company has a quick ratio of 0.92, a current ratio of 1.08 and a debt-to-equity ratio of 0.18.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its earnings results on Friday, February 6th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $3.45 billion during the quarter. Kone Oyj had a net margin of 8.76% and a return on equity of 40.59%. As a group, equities analysts predict that Kone Oyj Unsponsored ADR will post 1.06 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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