Kinnevik (OTCMKTS:KNVKF) Trading Down 0.8% – What’s Next?

Kinnevik AB (OTCMKTS:KNVKF) fell 0.8% during mid-day trading on Friday . The company traded as low as $2.0826 and last traded at $2.0826. 7,600 shares traded hands during trading, an increase of 353% from the average session volume of 1,677 shares. The stock had previously closed at $2.10.

Kinnevik Stock Performance

The company has a market capitalization of $572.96 million and a price-to-earnings ratio of 0.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.33 and a quick ratio of 6.33. The stock has a 50 day moving average price of $2.08 and a two-hundred day moving average price of $2.08.

Kinnevik Company Profile

Kinnevik AB is a Sweden-based investment company founded in 1936 by the Stenbeck family. Initially focused on shipping and industrial hardware distribution, the firm pivoted in the latter half of the 20th century toward media and telecommunications, becoming a prominent backer of regional operators. Over time, Kinnevik cultivated a reputation for long-term, active ownership, leveraging its Stockholm headquarters to identify and develop high-growth businesses.

Today, Kinnevik concentrates on digital consumer markets, with an emphasis on e-commerce, online marketplaces, fintech, healthcare and digital services.