KONE Oyj (OTCMKTS:KNYJY) Share Price Crosses Above 50-Day Moving Average - Time to Sell?

KONE Oyj (OTCMKTS:KNYJY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $28.89 and traded as high as $31.19. KONE Oyj shares last traded at $31.07, with a volume of 32,688 shares.

Wall Street Analyst Weigh In

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

KONE Oyj Stock Up 0.9%

The stock has a market capitalization of $28.88 billion, a P/E ratio of 32.19, a PEG ratio of 2.70 and a beta of 0.73. 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's fifty day moving average is $29.04 and its two-hundred day moving average is $27.10.

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 firm had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $2.76 billion. As a group, research analysts predict 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.