Royal Bank of Canada Downgrades KONE Oyj (OTCMKTS:KNYJY) to Strong Sell

KONE Oyj (OTCMKTS:KNYJY) was downgraded by investment analysts at Royal Bank of Canada from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

KONE Oyj Stock Up 3.6 %

KNYJY opened at $25.93 on Monday. KONE Oyj has a fifty-two week low of $21.55 and a fifty-two week high of $30.12. 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 company’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 issued its quarterly earnings results on Thursday, October 24th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $3.03 billion during the quarter. KONE Oyj had a return on equity of 39.77% and a net margin of 8.98%. As a group, sell-side 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.