KONE Oyj (OTCMKTS:KNYJY) Shares Pass Above Fifty Day Moving Average - Should You Sell?

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $29.23 and traded as high as $31.61. KONE Oyj shares last traded at $31.52, with a volume of 17,497 shares trading hands.

Analyst Ratings Changes

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

KONE Oyj Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.13 and a quick ratio of 0.89. The stock has a market cap of $28.52 billion, a P/E ratio of 31.79, a price-to-earnings-growth ratio of 2.70 and a beta of 0.73. The stock's 50 day simple moving average is $29.33 and its two-hundred day simple moving average is $27.28.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. KONE Oyj had a net margin of 8.57% and a return on equity of 38.04%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.76 billion. As a group, research analysts forecast that KONE Oyj 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.