Kainos Group (LON:KNOS) Stock Passes Below 200 Day Moving Average – Here’s Why

Kainos Group plc (LON:KNOS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 825.90 and traded as low as GBX 751. Kainos Group shares last traded at GBX 754.22, with a volume of 5,719,201 shares changing hands.

Wall Street Analysts Forecast Growth

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

Kainos Group Price Performance

The stock has a market cap of £869.57 million, a price-to-earnings ratio of 21.49, a PEG ratio of 2.15 and a beta of 0.83. The company has a 50-day moving average of GBX 812.92 and a 200-day moving average of GBX 825.90. The company has a debt-to-equity ratio of 6.11, a quick ratio of 1.59 and a current ratio of 1.17.

Kainos Group (LON:KNOS) last posted its quarterly earnings data on Monday, May 18th. The company reported GBX 41.60 earnings per share for the quarter. Kainos Group had a return on equity of 41.45% and a net margin of 9.86%.The company had revenue of £431.10 million during the quarter. As a group, equities research analysts predict that Kainos Group plc will post 48.0997625 earnings per share for the current year.

Insider Activity

In other news, insider Richard McCann sold 760,911 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total transaction of £5,927,496.69. Insiders own 19.74% of the company’s stock.

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.