Kainos Group (LON:KNOS) Sets New 12-Month Low – What’s Next?

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 666 ($8.61) and last traded at GBX 667 ($8.62), with a volume of 81734 shares. The stock had previously closed at GBX 692 ($8.95).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KNOS shares. Shore Capital restated a “buy” rating on shares of Kainos Group in a report on Friday, February 7th. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 1,000 ($12.93) price target on shares of Kainos Group in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,150 ($14.87).

Kainos Group Price Performance

The firm has a market capitalization of £843.76 million, a PE ratio of 17.50, a P/E/G ratio of 2.15 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76. The company has a fifty day moving average price of GBX 752.58 and a two-hundred day moving average price of GBX 794.59.

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.