Kainos Group (LON:KNOS) Share Price Crosses Below Fifty Day Moving Average - What's Next?

Key Points

• Kainos Group shares fell below their 50‑day moving average, trading as low as GBX 699.50 and last at GBX 702 on volume of 2,363,206 shares (50‑day MA GBX 787.91).
• Analysts maintain a consensus Buy rating with a consensus target of GBX 1,133.75, and Canaccord Genuity recently reaffirmed a GBX 1,150 price objective.
• Key fundamentals: market cap £825.1M, PE 28.31, P/E/G 2.15, quick ratio 1.59 and a high reported debt‑to‑equity ratio of 5.05.

Kainos Group plc (LON:KNOS - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 787.91 and traded as low as GBX 699.50. Kainos Group shares last traded at GBX 702, with a volume of 2,363,206 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,150 price objective on shares of Kainos Group in a research report on Wednesday, March 4th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of GBX 1,133.75.

Kainos Group Stock Down 0.9%

The firm's fifty day simple moving average is GBX 787.91 and its 200-day simple moving average is GBX 912.17. The company has a market cap of £825.10 million, a PE ratio of 28.31, a P/E/G ratio of 2.15 and a beta of 0.81. The company has a quick ratio of 1.59, a current ratio of 1.23 and a debt-to-equity ratio of 5.05.

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.

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