Kone Oyj (OTCMKTS:KNYJY) Shares Cross Below 50-Day Moving Average - Here's Why

Key Points

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Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $31.79 and traded as low as $30.73. Kone Oyj shares last traded at $30.82, with a volume of 29,674 shares traded.

Kone Oyj Price Performance

The stock has a market cap of $28.62 billion, a PE ratio of 30.66, a P/E/G ratio of 2.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.83. The firm's 50 day moving average price is $31.73 and its two-hundred day moving average price is $30.17.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its earnings results on Friday, July 18th. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $3.23 billion during the quarter. Kone Oyj had a net margin of 8.69% and a return on equity of 39.38%. On average, research analysts expect that Kone Oyj Unsponsored ADR will post 1.06 earnings per share 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.