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

Kinovo (LON:KINO)‘s stock had its “speculative buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a report released on Thursday, Digital Look reports. They presently have a GBX 65 ($0.82) target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 33.33% from the stock’s previous close.

Kinovo Stock Up 18.9 %

Shares of Kinovo stock traded up GBX 7.75 ($0.10) during trading hours on Thursday, reaching GBX 48.75 ($0.61). 857,535 shares of the company’s stock were exchanged, compared to its average volume of 161,085. 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 of GBX 43.99 and a two-hundred day moving average of GBX 51.46. The stock has a market cap of £30.67 million, a P/E ratio of 700.00 and a beta of 0.89. Kinovo has a fifty-two week low of GBX 25 ($0.31) and a fifty-two week high of GBX 70 ($0.88).

Insiders Place Their Bets

In other Kinovo news, insider Sangita Shah purchased 110,565 shares of Kinovo stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of GBX 41 ($0.52) per share, for a total transaction of £45,331.65 ($56,942.16). 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.