Kainos Group (LON:KNOS) Stock Passes Below 50-Day Moving Average - Should You Sell?

Key Points

• Kainos Group plc stock price recently fell below its 50-day moving average, trading at GBX 710.50 ($9.56) after hitting a low of GBX 697.50 ($9.38).
• Several research firms, including Canaccord Genuity and Berenberg Bank, have maintained a "buy" rating for Kainos Group with target prices of GBX 1,000 ($13.45) and GBX 1,025 ($13.79), respectively.
• Kainos Group reported an earnings per share (EPS) of GBX 38.60 ($0.52) in its last quarterly results and has a projected EPS of approximately 48.10 for the current fiscal year.

Kainos Group plc (LON:KNOS - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 729.03 ($9.84) and traded as low as GBX 697.50 ($9.42). Kainos Group shares last traded at GBX 710.50 ($9.59), with a volume of 150,615 shares.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KNOS shares. Shore Capital reiterated a "buy" rating on shares of Kainos Group in a research note on Monday, May 19th. Canaccord Genuity Group restated a "buy" rating and set a GBX 1,000 ($13.50) price objective on shares of Kainos Group in a research report on Tuesday, July 8th.

Kainos Group Stock Performance

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 firm has a 50-day moving average price of GBX 727.48 and a two-hundred day moving average price of GBX 729.43. The firm has a market cap of £870.28 million, a PE ratio of 18.05, a P/E/G ratio of 2.15 and a beta of 0.79.

Kainos Group (LON:KNOS - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The company reported GBX 38.60 ($0.52) EPS for the quarter. Kainos Group had a return on equity of 33.12% and a net margin of 12.74%. Research analysts forecast that Kainos Group plc will post 48.0997625 EPS 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.