KONE Oyj (OTCMKTS:KNYJY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

KONE Oyj (OTCMKTS:KNYJY) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $24.90 and traded as high as $25.92. KONE Oyj shares last traded at $25.80, with a volume of 20,087 shares.

Analyst Upgrades and Downgrades

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

KONE Oyj Stock Down 0.8 %

The firm’s 50-day moving average price is $24.89 and its 200 day moving average price is $26.20. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.44 and a beta of 0.69. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18.

KONE Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). KONE Oyj had a return on equity of 40.15% and a net margin of 8.57%. On average, sell-side analysts forecast that KONE Oyj 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.