Canaccord Genuity Group Reiterates “Speculative Buy” Rating for Kinovo (LON:KINO)

Canaccord Genuity Group restated their speculative buy rating on shares of Kinovo (LON:KINO) in a research report released on Thursday, MarketBeat Ratings reports. They currently have a GBX 65 ($0.82) target price on the stock.

Kinovo Stock Down 5.2 %

Shares of LON KINO opened at GBX 47.20 ($0.59) on Thursday. The company has a debt-to-equity ratio of 95.17, a quick ratio of 0.53 and a current ratio of 0.77. Kinovo has a 1 year low of GBX 25 ($0.31) and a 1 year high of GBX 70 ($0.88). The stock’s 50-day simple moving average is GBX 43.76 and its 200-day simple moving average is GBX 51.32. The firm has a market cap of £29.70 million, a price-to-earnings ratio of 674.29 and a beta of 0.89.

Insider Buying and Selling 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 stock was bought at an average price of GBX 41 ($0.52) per share, with a total value of £45,331.65 ($56,942.16). 59.10% of the stock is currently owned by corporate insiders.

Kinovo Company Profile

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.