Kinnevik (OTCMKTS:KNVKF) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Kinnevik AB (OTCMKTS:KNVKFGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.08 and traded as low as $2.08. Kinnevik shares last traded at $2.08, with a volume of 7,600 shares trading hands.

Kinnevik Price Performance

The company has a market capitalization of $572.96 million and a P/E ratio of 0.10. The company’s 50-day simple moving average is $2.08 and its 200 day simple moving average is $5.08. The company has a quick ratio of 6.33, a current ratio of 6.33 and a debt-to-equity ratio of 0.02.

About Kinnevik

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Kinnevik AB formerly known as Investment AB Kinnevik, is a venture capital firm specializing in investments in growth capital. It prefers to invest in digital consumer business, education, communication, e-commerce and marketplaces, entertainment, healthcare, and financial services but may also invest in other areas.

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