Kinovo (LON:KINO) Shares Down 4.9% – What’s Next?

Kinovo plc (LON:KINO) dropped 4.9% during trading on Monday . The stock traded as low as GBX 63 ($0.77) and last traded at GBX 63 ($0.77). Approximately 36,099 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 80,813 shares. The stock had previously closed at GBX 66.25 ($0.81).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 95 ($1.16) price objective on shares of Kinovo in a report on Thursday, November 7th.

Kinovo Trading Down 1.6 %

The company has a market capitalization of £39.26 million, a PE ratio of 775.00 and a beta of 1.04. The company has a 50 day simple moving average of GBX 63.01 and a 200 day simple moving average of GBX 65.86. The company has a debt-to-equity ratio of 95.17, a quick ratio of 0.53 and a current ratio of 0.71.

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.