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

Knights Group Holdings plc (LON:KGH) shot up 2.5% during trading on Wednesday . The stock traded as high as GBX 123 ($1.54) and last traded at GBX 122 ($1.53). 161,824 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 199,937 shares. The stock had previously closed at GBX 119 ($1.49).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of Knights Group in a research report on Tuesday, January 14th.

Knights Group Stock Up 2.5 %

The stock has a market capitalization of £104.93 million, a P/E ratio of 1,109.09 and a beta of 1.12. The company has a current ratio of 2.58, a quick ratio of 2.10 and a debt-to-equity ratio of 80.98. The stock’s 50 day simple moving average is GBX 112.02 and its 200 day simple moving average is GBX 120.83.

Knights Group (LON:KGH) last posted its quarterly earnings results on Tuesday, January 14th. The company reported GBX 12.71 ($0.16) EPS for the quarter. Knights Group had a return on equity of 10.20% and a net margin of 6.57%. As a group, research analysts predict that Knights Group Holdings plc will post 22.0875439 EPS for the current fiscal year.

Knights Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, March 14th. Investors of record on Thursday, February 13th will be issued a GBX 1.76 ($0.02) dividend. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, February 13th. Knights Group’s dividend payout ratio (DPR) is 3,636.36%.

Insider Buying and Selling

In other Knights Group news, insider Dave Wilson purchased 8,155 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was bought at an average price of GBX 123 ($1.54) per share, with a total value of £10,030.65 ($12,539.88). 30.06% of the stock is owned by company insiders.

Knights Group Company Profile

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.