Kone Oyj (OTCMKTS:KNYJY) Shares Cross Above 50 Day Moving Average - Time to Sell?

Key Points

• Kone Oyj shares rose above their 50-day moving average, reaching $29.65 and last trading at $29.55, compared with a 50-day average of $28.45.
• Analyst sentiment remains mixed: recent ratings included upgrades to Buy and Hold as well as a downgrade to Strong Sell. The stock carries an overall “Hold” consensus rating.
• Kone’s latest quarterly results missed expectations, with EPS of $0.27 versus $0.32 forecast and revenue of $3.36 billion versus $3.38 billion expected.

Shares of Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $28.45 and traded as high as $29.65. Kone Oyj shares last traded at $29.55, with a volume of 25,303 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on KNYJY shares. Kepler Capital Markets upgraded shares of Kone Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, June 23rd. Zacks Research lowered shares of Kone Oyj from a "hold" rating to a "strong sell" rating in a research report on Friday, July 24th. Finally, Evercore upgraded shares of Kone Oyj to a "hold" rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Kone Oyj Price Performance

The company has a fifty day simple moving average of $28.45 and a two-hundred day simple moving average of $31.63. The stock has a market capitalization of $26.78 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.74 and a beta of 0.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.92 and a current ratio of 1.08.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.05). Kone Oyj had a return on equity of 35.88% and a net margin of 8.33%.The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $3.38 billion. As a group, equities research analysts expect that Kone Oyj Unsponsored ADR will post 1.2 earnings per share for the current fiscal year.

About Kone Oyj

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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