Kinovo (LON:KINO) Stock Price Down 1.5% – Here’s What Happened

Kinovo plc (LON:KINO)’s stock price was down 1.5% during mid-day trading on Friday . The company traded as low as GBX 65 ($0.82) and last traded at GBX 65 ($0.82). Approximately 13,300 shares were traded during trading, a decline of 89% from the average daily volume of 125,730 shares. The stock had previously closed at GBX 66 ($0.83).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 ($1.19) 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 firm has a market capitalization of £41.16 million, a P/E ratio of 812.50 and a beta of 1.04. The business’s 50 day simple moving average is GBX 62.45 and its two-hundred day simple moving average is GBX 65.19.

About Kinovo

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.