Kone Oyj (OTCMKTS:KNYJY) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Kone Oyj's stock price rose above its 50-day moving average of $31.61, closing at $32.98, with a high of $33.04 during trading.
• The company reported $0.30 earnings per share and revenue of $3.23 billion for the last quarter, with analysts predicting 1.06 EPS for the current year.
• Kone Oyj has a market capitalization of $29.89 billion and a debt-to-equity ratio of 0.22, indicating a stable financial position.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $31.61 and traded as high as $33.04. Kone Oyj shares last traded at $32.98, with a volume of 23,752 shares trading hands.

Kone Oyj Stock Performance

The business's fifty day moving average price is $31.67 and its 200-day moving average price is $30.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of $30.52 billion, a PE ratio of 32.69, a P/E/G ratio of 2.97 and a beta of 0.63.

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