Knights Group (LON:KGH) Trading Down 12.8% – Here’s Why

Shares of Knights Group Holdings plc (LON:KGH) fell 12.8% during trading on Tuesday . The company traded as low as GBX 166.50 ($2.23) and last traded at GBX 166.50 ($2.23). 279,530 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 196,372 shares. The stock had previously closed at GBX 191 ($2.56).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Knights Group in a research report on Tuesday, May 6th.

Knights Group Price Performance

The stock has a market capitalization of £142.38 million, a P/E ratio of 14.46 and a beta of 1.12. The company has a current ratio of 2.58, a quick ratio of 2.10 and a debt-to-equity ratio of 80.98. The company has a fifty day simple moving average of GBX 171.35 and a two-hundred day simple moving average of GBX 143.02.

Knights Group Company Profile

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment.