Kinovo (LON:KINO) Trading 14.3% Higher

Kinovo plc (LON:KINO)’s stock price traded up 14.3% during mid-day trading on Wednesday . The stock traded as high as GBX 56.44 ($0.71) and last traded at GBX 56.44 ($0.71). 285,754 shares changed hands during mid-day trading, an increase of 76% from the average session volume of 162,210 shares. The stock had previously closed at GBX 49.40 ($0.62).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 65 ($0.82) price target on shares of Kinovo in a report on Thursday, May 2nd.

Kinovo Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 95.17. The firm has a market capitalization of £34.92 million, a PE ratio of 792.86 and a beta of 0.89. The stock’s 50 day moving average price is GBX 43.93 and its two-hundred day moving average price is GBX 51.21.

Insider Activity

In other news, insider Sangita Shah bought 110,565 shares of the stock in a transaction on Friday, March 8th. The stock was purchased at an average cost of GBX 41 ($0.52) per share, with a total value of £45,331.65 ($56,949.31). Company insiders own 59.10% of the company’s stock.

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.