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

Kinovo plc (LON:KINO) shares traded down 0.8% during trading on Thursday . The stock traded as low as GBX 58 ($0.74) and last traded at GBX 60.50 ($0.77). 175,301 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 129,717 shares. The stock had previously closed at GBX 61 ($0.77).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 95 ($1.21) target price on shares of Kinovo in a research note on Thursday, November 7th.

Kinovo Price Performance

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 firm’s fifty day moving average price is GBX 62.92 and its 200-day moving average price is GBX 64.49. The stock has a market cap of £38.31 million, a P/E ratio of 756.25 and a beta of 1.04.

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.