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

Key Points

• Kone Oyj shares briefly moved above their 50-day moving average, reaching $29.35 before trading at $28.90; the 50-day average is $29.27, versus $29.92 for the 200-day average.
• Analyst sentiment remains mixed but averages a “Hold” rating: one analyst rates the stock Strong Buy, one Buy, four Hold and two Sell, while Kepler upgraded it to Buy and Zacks upgraded it to Hold.
• Kone’s latest quarterly results fell short of expectations, with EPS of $0.27 versus $0.32 forecast and revenue of $3.36 billion versus $3.38 billion expected. The company has a $26.19 billion market capitalization and analysts project full-year EPS of 1.2.

Kone Oyj Unsponsored ADR (OTCMKTS:KNYJY - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $29.27 and traded as high as $29.35. Kone Oyj shares last traded at $28.8965, with a volume of 24,492 shares traded.

Analyst Upgrades and Downgrades

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

Kone Oyj Stock Performance

The firm has a market capitalization of $26.19 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 1.74 and a beta of 0.65. The company has a quick ratio of 0.83, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $29.27 and a 200 day moving average price of $29.92.

Kone Oyj (OTCMKTS:KNYJY - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.05). Kone Oyj had a net margin of 8.33% and a return on equity of 38.87%. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $3.38 billion. On average, analysts forecast that Kone Oyj Unsponsored ADR will post 1.2 EPS for the current year.

Kone Oyj Company Profile

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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