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Kainos Group (LON:KNOS) Stock Price Passes Below 50 Day Moving Average - Here's What Happened

Kainos Group logo with Computer and Technology background

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 743.02 ($10.20) and traded as low as GBX 740 ($10.16). Kainos Group shares last traded at GBX 745 ($10.23), with a volume of 295,232 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KNOS shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 1,025 ($14.08) price objective 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 ($14.08) target price on shares of Kainos Group in a report on Monday, April 14th. Finally, Shore Capital restated a "buy" rating on shares of Kainos Group in a research report on Monday, May 19th.

Check Out Our Latest Research Report on KNOS

Kainos Group Price Performance

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 firm has a market cap of £940.38 million, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. The stock has a 50-day moving average of GBX 744.48 and a two-hundred day moving average of GBX 741.68.

Kainos Group (LON:KNOS - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The company reported GBX 38.60 ($0.53) EPS for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. On average, analysts anticipate that Kainos Group plc will post 48.0997625 EPS for the current year.

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.

Further Reading

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