KONE Oyj (OTCMKTS:KNYJY) Shares Cross Above Fifty Day Moving Average - Here's What Happened

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $27.80 and traded as high as $28.01. KONE Oyj shares last traded at $27.73, with a volume of 22,238 shares trading hands.

KONE Oyj Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.13 and a quick ratio of 0.89. The stock has a market capitalization of $23.04 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 2.70 and a beta of 0.74. The stock's 50 day simple moving average is $27.84 and its 200-day simple moving average is $26.79.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last released its quarterly 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 net margin of 8.57% and a return on equity of 38.04%. On average, analysts expect that KONE Oyj will post 1.06 EPS for the current fiscal year.

KONE Oyj Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $0.9388 per share. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from KONE Oyj's previous dividend of $0.94. KONE Oyj's dividend payout ratio is 41.41%.

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.