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

Kainos Group logo with Computer and Technology background

Kainos Group plc (LON:KNOS - Get Free Report)'s share price 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 ($10.22), with a volume of 295,232 shares.

Wall Street Analyst Weigh In

KNOS has been the subject of a number of research reports. Shore Capital restated a "buy" rating on shares of Kainos Group in a research report on Monday, May 19th. Berenberg Bank restated a "buy" rating and set a GBX 1,025 ($14.07) price target on shares of Kainos Group in a report on Monday, April 14th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 1,025 ($14.07) price objective on shares of Kainos Group in a research report on Monday, May 19th.

Read Our Latest Stock Report on Kainos Group

Kainos Group Trading Up 0.3%

The business has a 50-day moving average of GBX 743.02 and a 200-day moving average of GBX 743.90. 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 £944.17 million, a price-to-earnings ratio of 19.59, a PEG ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The company reported GBX 38.60 ($0.53) earnings per share for the quarter. Kainos Group had a return on equity of 33.12% and a net margin of 12.74%. As a group, research analysts forecast that Kainos Group plc will post 48.0997625 earnings per share 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.

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