KONE Oyj (OTCMKTS:KNYJY) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

KONE Oyj (OTCMKTS:KNYJY)’s stock 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 traded.

Analyst Ratings Changes

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

KONE Oyj Trading Down 0.7 %

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 fifty day moving average is $26.11 and its 200 day moving average is $26.61. The firm 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.

KONE Oyj (OTCMKTS:KNYJY) last issued 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 return on equity of 38.04% and a net margin of 8.57%. Equities analysts predict that KONE Oyj will post 1.06 earnings per share for the current year.

KONE Oyj Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.9388 dividend. This is a positive change 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.