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Kainos Group (LON:KNOS) Stock Passes Above 50 Day Moving Average - Here's Why

Kainos Group logo with Computer and Technology background

Kainos Group plc (LON:KNOS - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 713.84 ($9.66) and traded as high as GBX 740 ($10.01). Kainos Group shares last traded at GBX 732.45 ($9.91), with a volume of 281,263 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KNOS. Berenberg Bank restated a "buy" rating and issued a GBX 1,025 ($13.87) target price on shares of Kainos Group in a research note on Monday, April 14th. Canaccord Genuity Group reissued a "buy" rating and issued a GBX 1,025 ($13.87) price objective on shares of Kainos Group in a research note on Monday, May 19th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Kainos Group in a research report on Monday, May 19th.

View Our Latest Stock Analysis on KNOS

Kainos Group Stock Up 0.5%

The stock has a 50 day moving average price of GBX 717.61 and a 200 day moving average price of GBX 751.67. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.59 and a current ratio of 1.81. The company has a market capitalization of £938.49 million, a P/E ratio of 19.47, a PEG ratio of 2.15 and a beta of 0.79.

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

Kainos Group Company Profile

(Get Free Report)

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.

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