Kinovo (LON:KINO) Shares Up 4% - Here's Why

Key Points

• Kinovo plc shares rose 4% to GBX 1,160 ($15.71) following a previous close at GBX 1,115 ($15.10), indicating strong market movement.
• The company has a market capitalization of £734.99 million and a significantly high PE ratio of -610,526.32, reflecting its current valuation metrics.
• Kinovo specializes in providing gas heating, electrical, and general building services across various sectors including public and private industries in the UK.

Kinovo plc (LON:KINO - )'s stock price shot up 4% on Monday . The company traded as high as GBX 1,200 ($16.26) and last traded at GBX 1,160 ($15.71). 99,500 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 169,923 shares. The stock had previously closed at GBX 1,115 ($15.10).

Kinovo Trading Up 4.0%

The stock has a 50-day simple moving average of GBX 953.55 and a two-hundred day simple moving average of GBX 377.94. The company has a debt-to-equity ratio of -118.96, a quick ratio of 0.53 and a current ratio of 0.71. The firm has a market cap of £734.99 million, a PE ratio of -610,526.32 and a beta of 1.04.

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.

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