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

Kainos Group plc (LON:KNOS)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 827.30 and traded as low as GBX 815. Kainos Group shares last traded at GBX 822, with a volume of 212,992 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KNOS shares. Canaccord Genuity Group increased their price objective on Kainos Group from GBX 1,150 to GBX 1,200 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Shore Capital Group reiterated a “buy” rating on shares of Kainos Group in a research note on Monday, April 20th. Stifel Nicolaus restated a “buy” rating and set a GBX 1,282 target price on shares of Kainos Group in a report on Tuesday, April 21st. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,185 target price on shares of Kainos Group in a report on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Kainos Group currently has an average rating of “Buy” and an average target price of GBX 1,173.40.

Kainos Group Stock Up 0.8%

The firm has a fifty day moving average price of GBX 827.30 and a 200 day moving average price of GBX 869.97. The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11. The company has a market cap of £946.73 million, a P/E ratio of 23.42, a PEG ratio of 2.15 and a beta of 0.82.

Kainos Group (LON:KNOS) last announced its earnings results on Monday, May 18th. The company reported GBX 41.60 EPS for the quarter. The company had revenue of £431.10 million for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%. Equities research analysts forecast that Kainos Group plc will post 48.0997625 earnings per share for the current year.

About Kainos Group

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. The Workday Services segment provides consulting, project management, integration, and post deployment services for Workday’s software suite, which includes cloud-based software for human capital management, and financial management, and adaptive planning.