Kainos Group (LON:KNOS) Trading 16% Higher - What's Next?

Key Points

• Kainos Group plc (LON:KNOS) shares surged 16% on Monday, trading as high as GBX 822 ($11.10) from a previous close of GBX 707 ($9.55), with trading volume increasing by 547%.
• Equities research analysts maintain a positive outlook, with four analysts rating Kainos Group as a "Buy" and setting an average price target of GBX 1,070.
• Kainos Group operates in digital technology services across various sectors and has a current market capitalization of £975.59 million, showing strong financial ratios including a current ratio of 1.81.

Kainos Group plc (LON:KNOS - Get Free Report) shares shot up 16% during trading on Monday . The company traded as high as GBX 822 ($11.10) and last traded at GBX 820 ($11.07). 2,427,398 shares were traded during mid-day trading, an increase of 547% from the average session volume of 375,050 shares. The stock had previously closed at GBX 707 ($9.55).

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KNOS shares. Shore Capital reissued a "buy" rating on shares of Kainos Group in a research report on Monday, May 19th. Canaccord Genuity Group reissued a "buy" rating and set a GBX 1,000 price objective on shares of Kainos Group in a report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Kainos Group has an average rating of "Buy" and an average price target of GBX 1,070.

Kainos Group Price Performance

The firm has a market capitalization of £975.59 million, a PE ratio of 2,881.21, a P/E/G ratio of 2.15 and a beta of 0.79. 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 company has a fifty day moving average price of GBX 719.04 and a two-hundred day moving average price of GBX 719.97.

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.

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