Knights Group (LON:KGH) Trading Down 4.6% – Here’s What Happened

Knights Group Holdings plc (LON:KGH)’s share price was down 4.6% during mid-day trading on Friday . The stock traded as low as GBX 162.04 and last traded at GBX 165.26. Approximately 135,189 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 280,773 shares. The stock had previously closed at GBX 173.25.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group started coverage on shares of Knights Group in a research note on Monday, January 12th. They set a “buy” rating and a GBX 345 price target on the stock. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 345.

Knights Group Trading Down 9.4%

The business’s 50-day moving average price is GBX 183.06 and its 200-day moving average price is GBX 178.13. The firm has a market capitalization of £134.97 million, a PE ratio of 124.60 and a beta of 1.12. The company has a debt-to-equity ratio of 80.98, a current ratio of 2.58 and a quick ratio of 2.10.

Knights Group (LON:KGH) last issued its quarterly earnings results on Monday, January 12th. The company reported GBX 14.09 earnings per share for the quarter. Knights Group had a net margin of 6.82% and a return on equity of 10.03%. As a group, analysts expect that Knights Group Holdings plc will post 22.0875439 earnings per share for the current fiscal year.

About Knights Group

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. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.