Kainos Group (LON:KNOS) Stock Price Down 12.4% – Time to Sell?

Kainos Group plc (LON:KNOS) was down 12.4% on Monday. The stock traded as low as GBX 1,058 and last traded at GBX 1,077. 909,223 shares changed hands during trading, a decline of 64% from the average session volume of 2,543,336 shares. The stock had previously closed at GBX 1,230.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KNOS shares. Berenberg Bank boosted their target price on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Canaccord Genuity Group raised their price objective on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the stock a “hold” rating in a research report on Tuesday, August 18th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Kainos Group currently has an average rating of “Moderate Buy” and an average price target of GBX 1,231.17.

Kainos Group Price Performance

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 firm has a market capitalization of £1.24 billion, a price-to-earnings ratio of 30.68, a P/E/G ratio of 2.15 and a beta of 0.87. The company has a fifty day moving average price of GBX 1,247.14 and a two-hundred day moving average price of GBX 938.21.

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. 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.