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

KONE Oyj logo with Industrials background

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $27.97 and traded as high as $28.70. KONE Oyj shares last traded at $28.66, with a volume of 123,343 shares traded.

KONE Oyj Price Performance

The company has a market cap of $26.54 billion, a PE ratio of 29.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.74. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.24. The business's 50 day moving average price is $28.17 and its 200-day moving average price is $26.78.

KONE Oyj (OTCMKTS:KNYJY - Get Free Report) 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 net margin of 8.57% and a return on equity of 38.04%. As a group, analysts forecast that KONE Oyj will post 1.06 earnings per share for the current year.

KONE Oyj Increases Dividend

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

About KONE Oyj

(Get Free Report)

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.

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