Kainos Group (LON:KNOS) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOSGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 827.30 and traded as low as GBX 815. Kainos Group shares last traded at GBX 822, with a volume of 212,992 shares trading hands.

Analyst Ratings Changes

KNOS has been the topic of a number of research reports. Canaccord Genuity Group lifted their price target on shares of Kainos Group from GBX 1,150 to GBX 1,200 and gave the company a “buy” rating in a report on Tuesday, May 19th. Shore Capital Group reiterated a “buy” rating on shares of Kainos Group in a report on Monday, April 20th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 1,282 price target on shares of Kainos Group in a report on Tuesday, April 21st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,185 price target on shares of Kainos Group in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Kainos Group presently has an average rating of “Buy” and an average target price of GBX 1,173.40.

Read Our Latest Analysis on KNOS

Kainos Group Stock Performance

The business’s fifty day moving average price is GBX 827.30 and its two-hundred day moving average price is GBX 869.97. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17. The stock has a market capitalization of £946.73 million, a P/E ratio of 23.42, a P/E/G ratio of 2.15 and a beta of 0.82.

Kainos Group (LON:KNOSGet Free Report) last posted its earnings results on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. Kainos Group had a net margin of 9.86% and a return on equity of 41.45%. The firm had revenue of £431.10 million for the quarter. As a group, sell-side analysts forecast that Kainos Group plc will post 48.0997625 earnings per share for the current year.

About Kainos Group

(Get Free Report)

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.

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