Kainos Group (LON:KNOS) Reaches New 1-Year Low – Here’s Why

Kainos Group plc (LON:KNOS)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 540 ($7.31) and last traded at GBX 540 ($7.31), with a volume of 505355 shares changing hands. The stock had previously closed at GBX 743 ($10.06).

Analysts Set New Price Targets

Several research firms recently commented on KNOS. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a report on Monday, May 19th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,025 ($13.87) price objective on shares of Kainos Group in a report on Monday, April 14th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,025 ($13.87) target price on shares of Kainos Group in a research report on Monday, May 19th.

Kainos Group Stock Down 27.3%

The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm has a market capitalization of £682.08 million, a PE ratio of 14.15, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The company’s fifty day simple moving average is GBX 717.61 and its 200 day simple moving average is GBX 751.13.

Kainos Group (LON:KNOS) last announced its quarterly earnings data on Monday, May 19th. The company reported GBX 38.60 ($0.52) earnings per share (EPS) for the quarter. Kainos Group had a return on equity of 33.12% and a net margin of 12.74%. 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.