Knights Group (LON:KGH) Shares Down 0.8% - Here's What Happened

Key Points

• Knights Group's stock price fell by 0.8% to GBX 178.50 ($2.41), which is significantly below its average trading volume.
• Despite the recent decline, Shore Capital maintains a "buy" rating on the stock, with an overall average rating of "buy" from analysts.
• The company's market capitalization is £152.64 million, with key financial metrics including a price-to-earnings ratio of 15.51 and a relatively high debt-to-equity ratio of 80.98.

Knights Group Holdings plc (LON:KGH - Get Free Report)'s share price dropped 0.8% on Thursday . The company traded as low as GBX 175 ($2.36) and last traded at GBX 178.50 ($2.41). Approximately 34,868 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 184,278 shares. The stock had previously closed at GBX 180 ($2.43).

Analyst Ratings Changes

Separately, Shore Capital reiterated a "buy" rating on shares of Knights Group in a research note on Tuesday, May 6th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Knights Group has a consensus rating of "Buy".

Knights Group Trading Down 4.2%

The company has a quick ratio of 2.10, a current ratio of 2.58 and a debt-to-equity ratio of 80.98. The business has a 50-day moving average of GBX 177.57 and a 200-day moving average of GBX 155.49. The stock has a market cap of £147.08 million, a price-to-earnings ratio of 1,339.08 and a beta of 1.12.

About Knights Group

Knights Group Holdings plc provides legal and professional services in the United Kingdom. The company offers business services comprising of banking, commercial, corporate, data protection, debt advisory , dispute resolution, and housing and regeneration. It also offers services in the areas of immigration, licensing and gambling, and employment.