Kinovo (LON:KINO) Trading 4.1% Higher – Still a Buy?

Shares of Kinovo plc (LON:KINO) were up 4.1% during trading on Wednesday . The stock traded as high as GBX 63.50 ($0.82) and last traded at GBX 63.50 ($0.82). Approximately 518,908 shares changed hands during trading, an increase of 323% from the average daily volume of 122,632 shares. The stock had previously closed at GBX 61 ($0.79).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 95 ($1.23) target price on shares of Kinovo in a research report on Monday, September 16th.

Kinovo Stock Performance

The company has a debt-to-equity ratio of 95.17, a quick ratio of 0.53 and a current ratio of 0.71. The firm has a market capitalization of £39.26 million, a PE ratio of 756.25 and a beta of 1.04. The firm’s 50 day moving average price is GBX 66.30 and its 200-day moving average price is GBX 62.48.

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.