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

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

KONE Oyj Price Performance

KONE Oyj stock 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 one year low of $21.55 and a one year high of $30.12. The business has a fifty day moving average price of $27.58 and a 200-day moving average price of $26.46.

KONE Oyj (OTCMKTS:KNYJY) last issued its earnings results on Thursday, October 24th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.02). KONE Oyj had a return on equity of 39.77% and a net margin of 8.98%. The company had revenue of $3.03 billion during the quarter. As a group, equities analysts anticipate that KONE Oyj will post 1.1 EPS 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.