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

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

KONE Oyj Trading Up 3.6 %

OTCMKTS:KNYJY opened at $25.93 on Monday. The company has a 50 day simple moving average of $27.58 and a two-hundred day simple moving average of $26.46. 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.

KONE Oyj (OTCMKTS:KNYJY) last issued its quarterly earnings data 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 firm had revenue of $3.03 billion during the quarter. Sell-side analysts expect that KONE Oyj will post 1.1 earnings per share for the current fiscal 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.