Shares of KONE Oyj (OTCMKTS:KNYJY – Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $26.50 and traded as high as $29.27. KONE Oyj shares last traded at $29.27, with a volume of 17,477 shares.
Analysts Set New Price Targets
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.
View Our Latest Analysis on KONE Oyj
KONE Oyj Price Performance
KONE Oyj (OTCMKTS:KNYJY – Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. On average, equities research analysts predict that KONE Oyj will post 1.06 earnings per share for the current year.
KONE Oyj Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $0.9388 dividend. The ex-dividend date is Friday, March 7th. This is an increase from KONE Oyj’s previous dividend of $0.94. KONE Oyj’s payout ratio is presently 39.39%.
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.
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