Kainos Group (LON:KNOS) Stock Passes Above 50-Day Moving Average - Time to Sell?

Kainos Group plc (LON:KNOS - Get Free Report) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 711.69 ($9.61) and traded as high as GBX 746.50 ($10.08). Kainos Group shares last traded at GBX 723 ($9.76), with a volume of 214,319 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on KNOS shares. Berenberg Bank restated a "buy" rating and set a GBX 1,025 ($13.83) price target on shares of Kainos Group in a research note on Monday, April 14th. Shore Capital reaffirmed a "buy" rating on shares of Kainos Group in a research report on Monday, May 19th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,025 ($13.83) price objective on shares of Kainos Group in a report on Monday, May 19th.

Kainos Group Stock Up 1.3%

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 business has a 50-day moving average price of GBX 712.47 and a 200 day moving average price of GBX 756.37. The stock has a market capitalization of £918.28 million, a P/E ratio of 19.05, a P/E/G ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS - Get Free Report) last posted its earnings results on Monday, May 19th. The company reported GBX 38.60 ($0.52) EPS for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. On average, equities analysts expect that Kainos Group plc will post 48.0997625 EPS 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.