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

Kinovo plc (LON:KINO)’s share price fell 1.5% during mid-day trading on Friday . The stock traded as low as GBX 65 ($0.82) and last traded at GBX 65 ($0.82). 13,300 shares traded hands 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).

Analysts Set New Price Targets

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

Kinovo Trading Down 1.5 %

The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 95.17. The business has a 50-day moving average price of GBX 62.45 and a 200-day moving average price of GBX 65.19. The firm has a market capitalization of £41.16 million, a P/E ratio of 812.50 and a beta of 1.04.

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.