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Kainos Group (LON:KNOS) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Kainos Group logo with Computer and Technology background

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 705.42 ($9.42) and traded as high as GBX 830.41 ($11.09). Kainos Group shares last traded at GBX 819.50 ($10.95), with a volume of 307,491 shares traded.

Wall Street Analysts Forecast Growth

KNOS has been the topic of several recent analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 1,025 ($13.69) price objective on shares of Kainos Group in a research report on Monday, April 14th. Shore Capital reissued a "buy" rating on shares of Kainos Group in a research report on Monday. Finally, Canaccord Genuity Group reissued a "buy" rating and set a GBX 1,025 ($13.69) price objective on shares of Kainos Group in a research report on Monday.

View Our Latest Analysis on Kainos Group

Kainos Group Trading Down 7.4%

The stock has a 50-day moving average of GBX 708.17 and a 200 day moving average of GBX 759.48. 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 £951.12 million, a PE ratio of 19.73, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS - Get Free Report) last released its quarterly earnings data 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%. As a group, sell-side analysts anticipate 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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