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

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $31.50 and traded as high as $32.75. Kone Oyj shares last traded at $32.59, with a volume of 9,771 shares.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets lowered 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 0.97 and a debt-to-equity ratio of 0.24. The firm's 50-day moving average price is $31.50 and its two-hundred day moving average price is $28.44. The stock has a market cap of $29.53 billion, a PE ratio of 32.59, a PEG ratio of 2.36 and a beta of 0.70.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Kone Oyj had a return on equity of 36.24% and a net margin of 8.58%. The business had revenue of $2.81 billion for the quarter, compared to analysts' expectations of $2.76 billion. On average, equities analysts expect that Kone Oyj Unsponsored ADR will post 1.06 earnings per share for the current fiscal 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.