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Kainos Group (LON:KNOS) Share Price Crosses Below 50-Day Moving Average - Here's Why

Kainos Group logo with Computer and Technology background

Kainos Group plc (LON:KNOS - Get Free Report)'s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 698.86 ($9.39) and traded as low as GBX 685 ($9.20). Kainos Group shares last traded at GBX 702 ($9.43), with a volume of 478,839 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,025 ($13.77) price target on shares of Kainos Group in a research note on Monday, April 14th. Shore Capital reiterated a "buy" rating on shares of Kainos Group in a research note on Friday, February 7th. Finally, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 1,000 ($13.44) price target on shares of Kainos Group in a research note on Friday, March 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Kainos Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,052.50 ($14.14).

Check Out Our Latest Stock Analysis on KNOS

Kainos Group Trading Up 1.9 %

The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59. The firm has a market capitalization of £901.86 million, a PE ratio of 18.71, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The business's 50-day moving average price is GBX 692.14 and its 200-day moving average price is GBX 763.68.

About Kainos Group

(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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