Kinovo (LON:KINO) Given Speculative Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Kinovo (LON:KINO) in a research report sent to investors on Thursday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 65 ($0.82) price target on the stock.

Kinovo Stock Down 5.2 %

KINO traded down GBX 2.60 ($0.03) during trading on Thursday, hitting GBX 47.20 ($0.59). 210,208 shares of the company’s stock were exchanged, compared to its average volume of 161,022. Kinovo has a fifty-two week low of GBX 25 ($0.31) and a fifty-two week high of GBX 70 ($0.88). The stock has a market cap of £29.70 million, a P/E ratio of 674.29 and a beta of 0.89. The business’s 50 day moving average is GBX 43.82 and its two-hundred day moving average is GBX 51.38. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 95.17.

Insider Activity at Kinovo

In related news, insider Sangita Shah bought 110,565 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were bought at an average price of GBX 41 ($0.52) per share, for a total transaction of £45,331.65 ($56,942.16). 59.10% of the stock is owned by 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.