Knights Group (LON:KGH) Trading Down 0.4% – Here’s Why

Knights Group Holdings plc (LON:KGH)’s share price dropped 0.4% during mid-day trading on Wednesday . The stock traded as low as GBX 136 ($1.76) and last traded at GBX 138 ($1.79). Approximately 149,392 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 209,052 shares. The stock had previously closed at GBX 138.50 ($1.79).

Analysts Set New Price Targets

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

Knights Group Price Performance

The company has a debt-to-equity ratio of 80.98, a quick ratio of 2.10 and a current ratio of 2.58. The company has a market cap of £116.73 million, a P/E ratio of 11.86 and a beta of 1.12. The firm’s fifty day moving average is GBX 129.80 and its two-hundred day moving average is GBX 121.91.

Knights Group (LON:KGH) last released its earnings results on Tuesday, January 14th. The company reported GBX 12.71 ($0.16) earnings per share (EPS) for the quarter. Knights Group had a return on equity of 10.03% and a net margin of 6.82%. As a group, analysts anticipate that Knights Group Holdings plc will post 22.0875439 earnings per share for the current fiscal year.

Knights Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, February 13th were issued a GBX 1.76 ($0.02) dividend. This represents a dividend yield of 1.47%. The ex-dividend date was Thursday, February 13th. Knights Group’s dividend payout ratio (DPR) is presently 34.75%.

Insider Activity at Knights Group

In other news, insider Dave Wilson purchased 8,155 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was acquired at an average price of GBX 123 ($1.59) per share, for a total transaction of £10,030.65 ($12,982.98). 30.06% of the stock is currently owned by corporate insiders.

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.