Kone Oyj (OTCMKTS:KNYJY) Shares Gap Up - Still a Buy?

Key Points

• Kone Oyj shares opened higher, rising from a previous close of $28.70 to $29.47 before trading at $29.40, though volume was light at 3,148 shares.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating, with one Strong Buy, one Buy, four Holds and two Sell ratings. Recent upgrades included Kepler Capital Markets moving to “Buy” and Zacks Research moving to “Hold.”
• Kone reported quarterly EPS of $0.27, below the $0.32 consensus estimate, while revenue of $3.36 billion also slightly missed expectations. The company remains financially profitable, with an 8.33% net margin and 38.87% return on equity.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report) shares gapped up prior to trading on Wednesday. The stock had previously closed at $28.70, but opened at $29.47. Kone Oyj shares last traded at $29.40, with a volume of 3,148 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of Kone Oyj from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. Kepler Capital Markets upgraded shares of Kone Oyj from a "hold" rating to a "buy" rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Kone Oyj currently has an average rating of "Hold".

Kone Oyj Stock Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.83. The stock has a market capitalization of $26.57 billion, a PE ratio of 27.66, a P/E/G ratio of 1.69 and a beta of 0.59. The firm has a fifty day moving average price of $29.32 and a two-hundred day moving average price of $29.82.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.05). Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. The business had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.38 billion. Research analysts expect that Kone Oyj Unsponsored ADR will post 1.2 EPS for the current year.

About Kone Oyj

KONE Oyj is a Finland-based company that develops, manufactures, sells, installs and services elevators, escalators and automatic building doors. Its solutions are used in residential, commercial and public buildings to support the movement of people and goods, improve accessibility and enhance building flow.

The company provides equipment for new construction as well as maintenance, modernization and replacement services for existing installations. Its offerings include digital systems and connected services designed to support equipment monitoring, predictive maintenance and improved passenger experiences.

Founded in 1910 and headquartered in Espoo, Finland, KONE serves customers across Europe, the Middle East and Africa, the Americas and the Asia-Pacific region.

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