Kinovo (LON:KINO) Trading Down 4.7% – Time to Sell?

Kinovo plc (LON:KINO) traded down 4.7% on Tuesday . The stock traded as low as GBX 61 ($0.76) and last traded at GBX 61 ($0.76). 139,543 shares were traded during trading, an increase of 102% from the average session volume of 69,083 shares. The stock had previously closed at GBX 64 ($0.80).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 95 ($1.19) price objective on shares of Kinovo in a research report on Thursday, November 7th.

Kinovo Trading Down 4.7 %

The company has a debt-to-equity ratio of 95.17, a current ratio of 0.71 and a quick ratio of 0.53. The firm has a market capitalization of £38.63 million, a price-to-earnings ratio of 762.50 and a beta of 1.04. The business’s 50 day moving average price is GBX 64.42 and its 200-day moving average price is GBX 65.60.

Kinovo (LON:KINO) last released its earnings results on Tuesday, November 26th. The company reported GBX 3.40 ($0.04) earnings per share (EPS) for the quarter. Kinovo had a positive return on equity of 61.90% and a negative net margin of 0.95%. Equities analysts forecast that Kinovo plc will post 7.7033219 EPS for the current fiscal year.

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.