KONE Oyj (OTCMKTS:KNYJY) Lowered to Strong Sell Rating by Royal Bank of Canada

Royal Bank of Canada downgraded shares of KONE Oyj (OTCMKTS:KNYJY) from a hold rating to a strong sell rating in a report issued on Monday,Zacks.com reports.

KONE Oyj Stock Up 3.6 %

KNYJY stock opened at $25.93 on Monday. KONE Oyj has a 1-year low of $21.55 and a 1-year high of $30.12. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $27.58 and its two-hundred day moving average price is $26.46.

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). KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. The business had revenue of $3.03 billion for the quarter. On average, research analysts expect that KONE Oyj will post 1.1 earnings per share 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.