Kinovo (LON:KINO) Trading Up 4.1% – Should You Buy?

Kinovo plc (LON:KINO)’s stock price rose 4.1% during trading on Wednesday . The company traded as high as GBX 63.50 ($0.82) and last traded at GBX 63.50 ($0.82). Approximately 518,908 shares traded hands during mid-day trading, an increase of 323% from the average daily volume of 122,632 shares. The stock had previously closed at GBX 61 ($0.79).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 95 ($1.23) price target on shares of Kinovo in a report on Monday, September 16th.

Kinovo Trading Up 1.6 %

The stock has a market cap of £39.26 million, a price-to-earnings ratio of 756.25 and a beta of 1.04. 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 50 day moving average of GBX 66.30 and a 200-day moving average of GBX 62.48.

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.