KONE Oyj (OTCMKTS:KNYJY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

KONE Oyj (OTCMKTS:KNYJY) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.33 and traded as low as $24.18. KONE Oyj shares last traded at $24.40, with a volume of 31,193 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada cut shares of KONE Oyj from a “hold” rating to a “strong sell” rating in a research note on Monday, November 25th.

KONE Oyj Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $26.26 and a two-hundred day moving average price of $26.33. The company has a market capitalization of $25.83 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 3.66 and a beta of 0.68.

KONE Oyj (OTCMKTS:KNYJY) last announced its earnings results on Thursday, October 24th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $3.03 billion during the quarter. KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. As a group, analysts forecast that KONE Oyj will post 0.99 EPS for the current fiscal year.

KONE Oyj Company Profile

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.