Kainos Group (LON:KNOS) Share Price Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Kainos Group plc's stock price fell below its fifty-day moving average of GBX 726.20, trading at GBX 694 ($9.36) after reaching a low of GBX 680.50 ($9.18).
• Analysts maintain a consensus "Buy" rating for Kainos Group, with Canaccord Genuity setting a price target of GBX 1,000 and an average target of GBX 1,070 reported by MarketBeat.
• The company has a market capitalization of £880.17 million and reported earnings per share of GBX 38.60, with expectations of 48.1 EPS for the current fiscal year.

Kainos Group plc (LON:KNOS - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 726.20 ($9.82) and traded as low as GBX 680.50 ($9.20). Kainos Group shares last traded at GBX 694 ($9.38), with a volume of 1,373,972 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 1,000 price objective on shares of Kainos Group in a research note on Tuesday, July 8th. Shore Capital reissued a "buy" rating on shares of Kainos Group in a research note on Monday, May 19th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 1,070.

Kainos Group Stock Up 0.8%

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 723.39 and a 200-day moving average price of GBX 722.83. The firm has a market cap of £911.96 million, a P/E ratio of 18.92, a P/E/G ratio of 2.15 and a beta of 0.79.

About Kainos Group

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.