KONE Oyj (OTCMKTS:KNYJY) Stock Price Passes Above Fifty Day Moving Average - Here's Why

KONE Oyj (OTCMKTS:KNYJY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-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.

Analyst Upgrades and Downgrades

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

KONE Oyj Stock Performance

The company has a market capitalization of $28.12 billion, a PE ratio of 31.34, a P/E/G ratio of 2.70 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.89 and a current ratio of 1.13. The stock's 50-day simple moving average is $29.44 and its 200 day simple moving average is $27.36.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $2.76 billion. KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. As a group, research analysts expect that KONE Oyj will post 1.06 earnings per share for the current fiscal 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.