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

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

Wall Street Analysts Forecast Growth

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

Kinovo Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.53 and a debt-to-equity ratio of 95.17. The stock has a fifty day simple moving average of GBX 66.54 and a 200-day simple moving average of GBX 62.48. The stock has a market cap of £40.21 million, a price-to-earnings ratio of 793.75 and a beta of 1.04.

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.