Kinovo (LON:KINO) Stock Price Down 0.8% – Here’s What Happened

Kinovo plc (LON:KINO)’s share price fell 0.8% during trading on Thursday . The stock traded as low as GBX 58 ($0.74) and last traded at GBX 60.50 ($0.77). 175,301 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 129,717 shares. The stock had previously closed at GBX 61 ($0.78).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 ($1.21) target price on shares of Kinovo in a research note on Thursday, November 7th.

Kinovo Stock Performance

The company has a current ratio of 0.71, a quick ratio of 0.53 and a debt-to-equity ratio of 95.17. The company has a market capitalization of £38.63 million, a price-to-earnings ratio of 775.00 and a beta of 1.04. The stock’s fifty day simple moving average is GBX 62.76 and its 200-day simple moving average is GBX 64.46.

Kinovo Company Profile

Kinovo plc, through its subsidiaries, provides gas heating, electrical, and general building services to housing associations and local authorities, public buildings, industrial and commercial, and education and private sectors in the United Kingdom. The company operates through Mechanical Services, Building Services, and Electrical Services segments.