Kinovo (LON:KINO) Trading Up 14.3%

Kinovo plc (LON:KINO) shares shot up 14.3% during trading on Wednesday . The stock traded as high as GBX 56.44 ($0.71) and last traded at GBX 56.44 ($0.71). 285,754 shares were traded during mid-day trading, an increase of 76% from the average session volume of 162,210 shares. The stock had previously closed at GBX 49.40 ($0.62).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 65 ($0.82) price objective on shares of Kinovo in a research note on Thursday, May 2nd.

Kinovo Stock Performance

The business has a 50-day moving average price of GBX 43.93 and a 200-day moving average price of GBX 51.21. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 95.17. The firm has a market capitalization of £34.92 million, a price-to-earnings ratio of 792.86 and a beta of 0.89.

Insider Activity at Kinovo

In related news, insider Sangita Shah bought 110,565 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of GBX 41 ($0.52) per share, for a total transaction of £45,331.65 ($56,949.31). 59.10% of the stock is currently owned by corporate insiders.

About Kinovo

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.