Knights Group (LON:KGH) Stock Price Down 2.5% – Here’s What Happened

Knights Group Holdings plc (LON:KGH) dropped 2.5% on Monday . The stock traded as low as GBX 193 and last traded at GBX 193. Approximately 78,240 shares changed hands during trading, a decline of 79% from the average daily volume of 380,542 shares. The stock had previously closed at GBX 198.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group began coverage on Knights Group in a research report on Monday, January 12th. They issued a “buy” rating and a GBX 345 target price for the company. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 345.

Knights Group Stock Performance

The stock has a market cap of £165.92 million, a price-to-earnings ratio of 22.89 and a beta of 1.12. The company’s fifty day simple moving average is GBX 175.60 and its two-hundred day simple moving average is GBX 177.06. The company has a debt-to-equity ratio of 80.98, a current ratio of 2.58 and a quick ratio of 2.10.

Knights Group (LON:KGH) last posted its earnings results on Monday, January 12th. The company reported GBX 14.09 EPS for the quarter. Knights Group had a net margin of 6.82% and a return on equity of 10.03%. On average, analysts forecast that Knights Group Holdings plc will post 22.0875439 earnings per share for the current year.

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. In addition, the company provides personal services in the areas of agriculture, charities, conveyancing, family, landed estates, planning, professional discipline, tax and trusts, and wills and estates.