KONE Oyj (OTCMKTS:KNYJY) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $28.45 and traded as low as $28.36. KONE Oyj shares last traded at $28.91, with a volume of 14,362 shares changing hands.

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 research report on Thursday, April 17th.

KONE Oyj Price Performance

The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24. The business's 50 day moving average price is $28.50 and its two-hundred day moving average price is $26.81. The stock has a market cap of $28.03 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74.

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 for the quarter, beating the consensus estimate of $0.21 by $0.01. KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. As a group, sell-side analysts expect that KONE Oyj will post 1.06 earnings per share for the current fiscal year.

KONE Oyj Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $0.9388 per share. This is a boost from KONE Oyj's previous dividend of $0.94. The ex-dividend date of this dividend was Friday, March 7th. KONE Oyj's payout ratio is presently 41.41%.

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.