KONE Oyj (OTCMKTS:KNYJY) Share Price Passes Above 50-Day Moving Average - Here's Why

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $29.56 and traded as high as $30.87. KONE Oyj shares last traded at $30.85, with a volume of 41,169 shares trading hands.

Analyst Upgrades and Downgrades

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

KONE Oyj Price 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 50 day moving average price of $29.80 and a two-hundred day moving average price of $27.54. The firm has a market capitalization of $28.57 billion, a price-to-earnings ratio of 31.84, a PEG ratio of 2.70 and a beta of 0.69.

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

About KONE Oyj

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.