Kinovo (LON:KINO) Trading Down 4.7% – Here’s What Happened

Kinovo plc (LON:KINO)’s share price fell 4.7% during mid-day trading on Tuesday . The company traded as low as GBX 61 ($0.76) and last traded at GBX 61 ($0.76). 139,543 shares were traded during mid-day trading, an increase of 102% from the average session volume of 69,083 shares. The stock had previously closed at GBX 64 ($0.80).

Analysts Set New Price Targets

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

Kinovo Stock Down 4.7 %

The stock has a market cap of £38.63 million, a price-to-earnings ratio of 762.50 and a beta of 1.04. 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’s fifty day moving average is GBX 64.42 and its two-hundred day moving average is GBX 65.60.

Kinovo (LON:KINO) last released its earnings results on Tuesday, November 26th. The company reported GBX 3.40 ($0.04) EPS for the quarter. Kinovo had a positive return on equity of 61.90% and a negative net margin of 0.95%. Equities analysts forecast that Kinovo plc will post 7.7033219 earnings per share for the current fiscal year.

Kinovo Company Profile

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.