KONE Oyj (OTCMKTS:KNYJY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

KONE Oyj (OTCMKTS:KNYJY)’s share price 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.

Analyst Ratings Changes

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

KONE Oyj Stock Down 0.7 %

The company has a market capitalization of $26.74 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. The firm’s 50 day moving average price is $26.11 and its two-hundred day moving average price is $26.61. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.24.

KONE Oyj (OTCMKTS:KNYJY) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.04). KONE Oyj had a return on equity of 38.04% and a net margin of 8.57%. Sell-side analysts anticipate that KONE Oyj will post 1.06 earnings per share for the current fiscal year.

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 issued a dividend of $0.9388 per share. This is an increase from KONE Oyj’s previous dividend of $0.94. The ex-dividend date is Friday, March 7th. KONE Oyj’s payout ratio is presently 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.