KONE Oyj (OTCMKTS:KNYJY) Shares Pass Above 50 Day Moving Average - Here's What Happened

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $30.06 and traded as high as $31.89. KONE Oyj shares last traded at $31.74, with a volume of 12,484 shares traded.

Analysts Set New Price Targets

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

KONE Oyj Stock Performance

The stock has a market capitalization of $29.21 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.70 and a beta of 0.69. The stock has a fifty day moving average of $30.33 and a 200-day moving average of $27.79. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.76 billion. Equities analysts anticipate 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.