Kinovo (LON:KINO) Shares Up 23.2%

Kinovo plc (LON:KINO) shares were up 23.2% during trading on Thursday . The stock traded as high as GBX 51.25 ($0.64) and last traded at GBX 50.50 ($0.63). Approximately 357,893 shares traded hands during trading, an increase of 130% from the average daily volume of 155,535 shares. The stock had previously closed at GBX 41 ($0.52).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 65 ($0.82) price objective on shares of Kinovo in a report on Thursday.

Kinovo Trading Down 5.2 %

The firm’s fifty day simple moving average is GBX 43.82 and its 200 day simple moving average is GBX 51.38. The stock has a market capitalization of £29.70 million, a P/E ratio of 674.29 and a beta of 0.89. The company has a debt-to-equity ratio of 95.17, a quick ratio of 0.53 and a current ratio of 0.77.

Insider Buying and Selling

In other news, insider Sangita Shah acquired 110,565 shares of the stock in a transaction on Friday, March 8th. The stock was acquired at an average cost of GBX 41 ($0.52) per share, for a total transaction of £45,331.65 ($56,942.16). 59.10% of the stock is currently owned by company insiders.

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.