Kinovo (LON:KINO) Stock Price Down 4.9% – Here’s Why

Kinovo plc (LON:KINO) shares dropped 4.9% on Monday . The company traded as low as GBX 63 ($0.77) and last traded at GBX 63 ($0.77). Approximately 36,099 shares were traded during 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).

Wall Street Analyst Weigh In

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

Kinovo Stock Performance

The company has a debt-to-equity ratio of 95.17, a quick ratio of 0.53 and a current ratio of 0.71. The company has a market capitalization of £39.89 million, a P/E ratio of 787.50 and a beta of 1.04. The stock’s fifty day moving average price is GBX 62.95 and its 200-day moving average price is GBX 65.82.

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.