/Otis%20Worldwide%20Corporation%20on%20screen%20in%20front%20By%20Timon.jpeg)
With a market cap of $27.8 billion, Otis Worldwide Corporation (OTIS) is a global leader in the manufacture, installation, service, and modernization of elevators and escalators, moving 2.5 billion people every day and maintaining approximately 2.5 million customer units worldwide. It has 72,000 employees, including 45,000 field professionals, serving customers and passengers across more than 200 countries and territories.
Shares of the elevator maker have underperformed the broader market over the past 52 weeks. OTIS stock has declined 18.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.6%. Moreover, the stock has fallen 16.4% on a YTD basis, compared to SPX’s 13.9% increase.
