KONE Oyj (OTCMKTS:KNYJY) Shares Cross Above Fifty Day Moving Average - Time to Sell?

Shares of KONE Oyj (OTCMKTS:KNYJY - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $25.90 and traded as high as $29.70. KONE Oyj shares last traded at $29.70, with a volume of 9,319 shares traded.

Analysts Set New Price Targets

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

KONE Oyj Trading Up 0.8 %

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 firm's fifty day moving average is $26.11 and its 200-day moving average is $26.62. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) last announced its quarterly earnings data 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 38.04%. Equities analysts anticipate that KONE Oyj will post 1.06 earnings per share for the current year.

Remove Ads

KONE Oyj Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.9388 per share. The ex-dividend date is Friday, March 7th. This is a positive change from KONE Oyj's previous dividend of $0.94. KONE Oyj's dividend payout ratio is currently 39.39%.

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.