KONE OYJ/ADR (OTCMKTS:KNYJY) Hits New 1-Year High at $34.32

KONE OYJ/ADR (OTCMKTS:KNYJY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.32 and last traded at $34.31, with a volume of 15243 shares trading hands. The stock had previously closed at $33.97.

KNYJY has been the subject of several research analyst reports. Liberum Capital lowered KONE OYJ/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Morgan Stanley reaffirmed an “underweight” rating on shares of KONE OYJ/ADR in a research report on Thursday, April 23rd. Berenberg Bank reaffirmed a “hold” rating on shares of KONE OYJ/ADR in a research report on Monday, April 27th. JPMorgan Chase & Co. raised KONE OYJ/ADR from a “neutral” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, Barclays reaffirmed an “equal weight” rating on shares of KONE OYJ/ADR in a research report on Thursday, April 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.00.

The stock has a 50-day moving average price of $30.56 and a 200-day moving average price of $30.50.

KONE OYJ/ADR (OTCMKTS:KNYJY) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.16 earnings per share (EPS) for the quarter. The business had revenue of $2.42 billion for the quarter. As a group, equities analysts expect that KONE OYJ/ADR will post 1.1 earnings per share for the current year.

KONE OYJ/ADR Company Profile (OTCMKTS:KNYJY)

KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business. It offers elevators, escalators, autowalks, automatic doors, and monitoring and access control systems for residential buildings, office buildings, medical, commercial, and educational facilities. The company also provides design services, such as project planning and specification, and traffic analysis; project management and installation; maintenance and monitoring services; and modernization services.

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