Knights Group (LON:KGH) Stock Price Up 1.8% – What’s Next?

Knights Group Holdings plc (LON:KGH) shares rose 1.8% during mid-day trading on Tuesday . The company traded as high as GBX 142.60 ($1.82) and last traded at GBX 140.50 ($1.80). Approximately 1,141,656 shares were traded during mid-day trading, an increase of 450% from the average daily volume of 207,590 shares. The stock had previously closed at GBX 138 ($1.77).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Knights Group in a report on Tuesday, January 14th.

Knights Group Trading Up 1.8 %

The company has a debt-to-equity ratio of 80.98, a quick ratio of 2.10 and a current ratio of 2.58. The company has a market capitalization of £120.15 million, a PE ratio of 12.21 and a beta of 1.12. The stock has a fifty day moving average of GBX 120.50 and a 200 day moving average of GBX 120.33.

Knights Group (LON:KGH) last released its quarterly earnings results on Tuesday, January 14th. The company reported GBX 12.71 ($0.16) EPS for the quarter. Knights Group had a return on equity of 10.03% and a net margin of 6.82%. As a group, sell-side analysts predict that Knights Group Holdings plc will post 22.0875439 earnings per share for the current fiscal year.

Knights Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 14th. Stockholders of record on Thursday, February 13th will be issued a GBX 1.76 ($0.02) dividend. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, February 13th. Knights Group’s dividend payout ratio is presently 34.75%.

Insider Buying and Selling

In other Knights Group news, insider Dave Wilson acquired 8,155 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were bought at an average cost of GBX 123 ($1.57) per share, with a total value of £10,030.65 ($12,831.84). 30.06% of the stock is owned by corporate insiders.

Knights Group Company Profile

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment.