KONE Oyj (OTCMKTS:KNYJY) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

KONE Oyj (OTCMKTS:KNYJY) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $27.82 and traded as low as $25.62. KONE Oyj shares last traded at $25.79, with a volume of 62,180 shares traded.

KONE Oyj Price Performance

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’s 50-day moving average is $27.82 and its two-hundred day moving average is $26.47. The company has a market cap of $27.31 billion, a P/E ratio of 25.04, a PEG ratio of 3.34 and a beta of 0.70.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.02). The firm had revenue of $3.03 billion during the quarter. KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. Analysts anticipate that KONE Oyj will post 1.1 earnings per share 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.