KONE Oyj (OTCMKTS:KNYJY) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

KONE Oyj (OTCMKTS:KNYJY - Get Free Report)'s stock price 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 trading hands.

Wall Street Analysts Forecast Growth

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

KONE Oyj Stock Performance

The stock has a market cap of $23.19 billion, a PE ratio of 25.85, a P/E/G ratio of 2.44 and a beta of 0.69. The firm's 50-day moving average is $24.89 and its 200 day moving average is $26.22. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.06.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.25 earnings per share (EPS) 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 40.15%. As a group, research analysts anticipate that KONE Oyj will post 1.06 EPS for the current 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.