Kinnevik (OTCMKTS:KNVKF) Stock Price Down 0.8% – Should You Sell?

Shares of Kinnevik AB (OTCMKTS:KNVKF) were down 0.8% during mid-day trading on Friday . The stock traded as low as $2.0826 and last traded at $2.0826. Approximately 7,600 shares changed hands during mid-day trading, an increase of 353% from the average daily volume of 1,677 shares. The stock had previously closed at $2.10.

Kinnevik Stock Performance

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

Kinnevik Company Profile

Kinnevik AB is a Sweden-based investment company founded in 1936 by the Stenbeck family. Initially focused on shipping and industrial hardware distribution, the firm pivoted in the latter half of the 20th century toward media and telecommunications, becoming a prominent backer of regional operators. Over time, Kinnevik cultivated a reputation for long-term, active ownership, leveraging its Stockholm headquarters to identify and develop high-growth businesses.

Today, Kinnevik concentrates on digital consumer markets, with an emphasis on e-commerce, online marketplaces, fintech, healthcare and digital services.