KONE Oyj (OTCMKTS:KNYJY) Shares Cross Below 50 Day Moving Average – Should You Sell?

KONE Oyj (OTCMKTS:KNYJY)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.81 and traded as low as $24.37. KONE Oyj shares last traded at $24.43, with a volume of 29,592 shares changing hands.

Wall Street Analyst Weigh In

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

KONE Oyj Stock Down 0.4 %

The firm has a 50 day moving average price of $25.75 and a 200-day moving average price of $26.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.89. The firm has a market cap of $25.76 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 3.60 and a beta of 0.69.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The business had revenue of $3.03 billion for the quarter. KONE Oyj had a return on equity of 39.77% and a net margin of 8.98%. As a group, equities analysts predict 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.