Kainos Group (LON:KNOS) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Kainos Group plc (LON:KNOS) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,014.34 and traded as low as GBX 892.50. Kainos Group shares last traded at GBX 917, with a volume of 395,154 shares.

Analysts Set New Price Targets

Several brokerages have commented on KNOS. Canaccord Genuity Group upgraded shares of Kainos Group to a “buy” rating and boosted their target price for the stock from GBX 1,000 to GBX 1,500 in a research report on Tuesday, November 11th. Peel Hunt reiterated an “add” rating and issued a GBX 1,100 price objective on shares of Kainos Group in a research note on Monday, November 10th. Berenberg Bank upped their target price on shares of Kainos Group from GBX 1,025 to GBX 1,185 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Shore Capital reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Kainos Group in a report on Tuesday, November 11th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kainos Group has a consensus rating of “Buy” and an average price target of GBX 1,221.25.

Kainos Group Stock Performance

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 stock’s 50 day moving average is GBX 1,014.34 and its 200 day moving average is GBX 911.51. The stock has a market capitalization of £1.08 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS) last announced its quarterly earnings results on Monday, November 10th. The company reported GBX 19.30 earnings per share (EPS) for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. On average, analysts predict that Kainos Group plc will post 48.0997625 earnings per share for the current 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.