Kinovo (LON:KINO) Trading Up 14.3%

Kinovo plc (LON:KINO)’s stock price was up 14.3% during trading on Wednesday . The stock traded as high as GBX 56.44 ($0.71) and last traded at GBX 56.44 ($0.71). Approximately 285,754 shares traded hands during trading, an increase of 76% from the average daily volume of 162,210 shares. The stock had previously closed at GBX 49.40 ($0.62).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 65 ($0.82) price objective on shares of Kinovo in a report on Thursday, May 2nd.

Kinovo Trading Up 15.2 %

The business has a 50 day moving average of GBX 43.73 and a 200 day moving average of GBX 51.21. The firm has a market capitalization of £35.80 million, a price-to-earnings ratio of 705.71 and a beta of 0.89. The company has a debt-to-equity ratio of 95.17, a current ratio of 0.77 and a quick ratio of 0.53.

Insiders Place Their Bets

In related news, insider Sangita Shah purchased 110,565 shares of the stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of GBX 41 ($0.52) per share, with a total value of £45,331.65 ($56,949.31). Company insiders own 59.10% of the company’s stock.

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.