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

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

KONE Oyj Price Performance

Shares of OTCMKTS KNYJY opened at $25.93 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. KONE Oyj has a 12 month low of $21.55 and a 12 month high of $30.12. The business has a fifty day simple moving average of $27.54 and a 200-day simple moving average of $26.46.

KONE Oyj (OTCMKTS:KNYJY) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.02). The firm had revenue of $3.03 billion for the quarter. KONE Oyj had a net margin of 8.98% and a return on equity of 39.77%. On average, research analysts predict that KONE Oyj will post 1.1 earnings per share for the current fiscal 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.