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

Kainos Group plc (LON:KNOS - Get Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 744.73 ($10.00) and traded as low as GBX 711 ($9.54). Kainos Group shares last traded at GBX 728.50 ($9.78), with a volume of 238,142 shares.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KNOS shares. Shore Capital restated a "buy" rating on shares of Kainos Group in a research note on Monday, May 19th. Berenberg Bank restated a "buy" rating and set a GBX 1,025 ($13.76) target price on shares of Kainos Group in a research note on Monday, April 14th. Finally, Canaccord Genuity Group restated a "buy" rating and set a GBX 1,000 ($13.42) target price on shares of Kainos Group in a research note on Tuesday, July 8th.

Kainos Group Stock Performance

The stock has a 50-day moving average of GBX 741.45 and a 200 day moving average of GBX 736.89. The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The stock has a market cap of £927.12 million, a PE ratio of 19.23, a P/E/G ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS - Get Free Report) last issued its quarterly earnings data on Monday, May 19th. The company reported GBX 38.60 ($0.52) earnings per share for the quarter. Kainos Group had a return on equity of 33.12% and a net margin of 12.74%. Equities analysts predict that Kainos Group plc will post 48.0997625 EPS for the current fiscal year.

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.