Kinovo (LON:KINO) Trading Up 23.2%

Kinovo plc (LON:KINO) shares rose 23.2% during trading on Thursday . The stock traded as high as GBX 51.25 ($0.64) and last traded at GBX 50.50 ($0.63). Approximately 357,893 shares changed hands during mid-day trading, an increase of 130% from the average daily volume of 155,535 shares. The stock had previously closed at GBX 41 ($0.52).

Kinovo Trading Up 19.8 %

The stock has a market capitalization of £30.89 million, a P/E ratio of 582.14 and a beta of 0.89. The company has a current ratio of 0.77, a quick ratio of 0.53 and a debt-to-equity ratio of 95.17. The company has a 50-day moving average price of GBX 43.99 and a 200 day moving average price of GBX 51.46.

Insider Transactions at Kinovo

In related news, insider Sangita Shah purchased 110,565 shares of Kinovo stock in a transaction dated Friday, March 8th. The stock was purchased at an average cost of GBX 41 ($0.52) per share, with a total value of £45,331.65 ($56,942.16). Corporate insiders own 59.10% of the company’s stock.

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.