Kainos Group (LON:KNOS) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Kainos Group plc (LON:KNOS)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 831.67 and traded as low as GBX 736. Kainos Group shares last traded at GBX 772.50, with a volume of 3,503,741 shares changing hands.

Analyst Ratings Changes

A number of research firms recently weighed in on KNOS. Shore Capital Group reaffirmed a “buy” rating on shares of Kainos Group in a report on Monday, April 20th. Canaccord Genuity Group raised their target price on shares of Kainos Group from GBX 1,150 to GBX 1,200 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Berenberg Bank restated a “buy” rating and set a GBX 1,185 price target on shares of Kainos Group in a research report on Tuesday, May 19th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,282 price target on shares of Kainos Group in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 1,173.40.

Kainos Group Stock Performance

The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The firm has a market capitalization of £889.72 million, a PE ratio of 22.01, a P/E/G ratio of 2.15 and a beta of 0.81. The firm has a fifty day moving average price of GBX 831.67 and a 200 day moving average price of GBX 852.34.

Kainos Group (LON:KNOS) last issued its quarterly earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. The firm had revenue of £431.10 million for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%. Research analysts anticipate that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

Kainos Group Company Profile

Kainos Group plc engages in the provision of digital technology services in the United Kingdom, Ireland, North America, Central Europe, and internationally. It operates through three segments: Digital Services, Workday Services, and Workday Products. The Digital Services segment develops and supports custom digital service platforms for transforming service delivery in public, commercial, and healthcare sectors. The Workday Services segment provides consulting, project management, integration, and post deployment services for Workday’s software suite, which includes cloud-based software for human capital management, and financial management, and adaptive planning.