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

KONE Oyj (OTCMKTS:KNYJY) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty 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.

KONE Oyj Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.89 and a current ratio of 1.06. The stock’s 50 day simple moving average is $27.82 and its two-hundred day simple moving average is $26.47. The firm has a market capitalization of $27.31 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 3.34 and a beta of 0.70.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The firm had revenue of $3.03 billion for the quarter. On average, sell-side analysts forecast that KONE Oyj will post 1.1 EPS for the current year.

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.