Kinnevik AB (OTCMKTS:KNVKF – Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.08 and traded as high as $2.17. Kinnevik shares last traded at $2.0826, with a volume of 7,600 shares trading hands.
Kinnevik Trading Down 0.8%
The company’s 50-day moving average is $2.08 and its 200-day moving average is $2.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.33 and a current ratio of 6.33. The firm has a market cap of $572.96 million and a price-to-earnings ratio of 0.10.
About Kinnevik
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.
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