Kinovo (LON:KINO) Shares Down 1.5% – Here’s Why

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 95 ($1.19) price target on shares of Kinovo in a report on Thursday, November 7th.

Kinovo Trading Down 1.5 %

The firm’s 50 day simple moving average is GBX 62.45 and its two-hundred day simple moving average is GBX 65.19. The stock has a market capitalization of £41.16 million, a P/E ratio of 812.50 and a beta of 1.04. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 95.17.

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.