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

Kainos Group logo with Computer and Technology background

Shares of Kainos Group plc (LON:KNOS - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 737.98 ($10.03) and traded as low as GBX 717 ($9.74). Kainos Group shares last traded at GBX 718.50 ($9.76), with a volume of 190,213 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Shore Capital restated a "buy" rating on shares of Kainos Group in a research note on Monday, May 19th. Berenberg Bank restated a "buy" rating and issued a GBX 1,025 ($13.93) price target on shares of Kainos Group in a research note on Monday, April 14th. Finally, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 1,000 ($13.59) price target on shares of Kainos Group in a research report on Tuesday, July 8th.

Get Our Latest Stock Report on Kainos Group

Kainos Group Price Performance

The stock's 50 day simple moving average is GBX 736.05 and its two-hundred day simple moving average is GBX 735.46. 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 firm has a market capitalization of £914.49 million, a PE ratio of 18.97, 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 earnings results 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%. On average, sell-side analysts forecast that Kainos Group plc will post 48.0997625 EPS for the current year.

Kainos Group Company Profile

(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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