Kainos Group (LON:KNOS) Share Price Passes Above 50 Day Moving Average – Here’s Why

Kainos Group plc (LON:KNOS) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 705.42 ($9.39) and traded as high as GBX 830.41 ($11.05). Kainos Group shares last traded at GBX 819.50 ($10.91), with a volume of 307,491 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 1,000 ($13.31) target price on shares of Kainos Group in a report on Friday, March 14th. Shore Capital reissued a “buy” rating on shares of Kainos Group in a report on Friday, February 7th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 1,025 ($13.64) target price on shares of Kainos Group in a research note on Monday, April 14th.

Kainos Group Trading Up 1.0%

The firm’s 50 day moving average price is GBX 705.42 and its 200-day moving average price is GBX 759.68. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The stock has a market cap of £1.05 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.15 and a beta of 0.79.

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.