Kinovo (LON:KINO) Stock Price Down 0.8% – Time to Sell?

Kinovo plc (LON:KINO)’s stock price fell 0.8% during trading on Thursday . The stock traded as low as GBX 60 ($0.76) and last traded at GBX 60 ($0.76). 218,027 shares changed hands during mid-day trading, an increase of 193% from the average session volume of 74,448 shares. The stock had previously closed at GBX 60.50 ($0.76).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 95 ($1.20) target price on shares of Kinovo in a research report on Thursday, November 7th.

Kinovo Stock Performance

The firm has a market cap of £36.30 million, a PE ratio of -59.05 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 -118.96. The company has a 50-day simple moving average of GBX 63.11 and a two-hundred day simple moving average of GBX 64.62.

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 4,684.62% and a negative net margin of 0.95%. As a group, equities research analysts forecast that Kinovo plc will post 7.7033219 earnings per share for the current year.

About Kinovo

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.