Kainos Group (LON:KNOS) Shares Cross Below Fifty Day Moving Average - What's Next?

Key Points

• Kainos Group plc (LON:KNOS) shares fell below their 50-day moving average for the first time, trading as low as GBX 715 ($9.45).
• Despite recent declines, multiple research firms maintain a "buy" rating with target prices ranging from GBX 1,000 to GBX 1,025 ($13.21 - $13.54).
• The company reported a net margin of 12.74% and a return on equity of 33.12%, indicating strong operational performance despite fluctuating stock prices.

Kainos Group plc (LON:KNOS - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 731.03 ($9.66) and traded as low as GBX 715 ($9.45). Kainos Group shares last traded at GBX 740 ($9.78), with a volume of 194,555 shares trading hands.

Analyst Ratings Changes

A number of research firms have issued reports on KNOS. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 1,000 ($13.21) target price on shares of Kainos Group in a research note on Tuesday, July 8th. Shore Capital restated a "buy" rating on shares of Kainos Group in a research note on Monday, May 19th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 1,025 ($13.54) price objective on shares of Kainos Group in a research note on Monday, April 14th.

Kainos Group Trading Down 2.2%

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 £914.49 million, a price-to-earnings ratio of 18.97, a P/E/G ratio of 2.15 and a beta of 0.79. The business's 50-day simple moving average is GBX 731.03 and its 200-day simple moving average is GBX 734.10.

Kainos Group (LON:KNOS - Get Free Report) last released its earnings results on Monday, May 19th. The company reported GBX 38.60 ($0.51) earnings per share (EPS) for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. On average, research analysts expect that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal year.

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.

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