Kinnevik (OTCMKTS:KNKBF) Stock Price Up 1.1%

Shares of Kinnevik AB (OTCMKTS:KNKBF – Get Rating) traded up 1.1% during mid-day trading on Monday . The stock traded as high as C$15.21 and last traded at C$15.20. 1,400 shares traded hands during trading, an increase of 120% from the average session volume of 637 shares. The stock had previously closed at C$15.04.

Analysts Set New Price Targets

A number of research firms have commented on KNKBF. Danske raised shares of Kinnevik from a “sell” rating to a “hold” rating in a research note on Friday, April 21st. Nordea Equity Research lowered Kinnevik from a “hold” rating to a “sell” rating in a research report on Friday, February 3rd.

Kinnevik Stock Up 1.1 %

The stock has a fifty day moving average of C$14.85 and a 200-day moving average of C$14.60.

Kinnevik Company Profile

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Kinnevik AB 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. The firm invests worldwide, especially in Europe with a focus on the Nordics, Latin America, Asia, Australia, Africa, and North America.