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

Kainos Group plc (LON:KNOS)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 944.27 and traded as high as GBX 1,256. Kainos Group shares last traded at GBX 1,240, with a volume of 386,300 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Kainos Group from GBX 920 to GBX 1,260 and gave the company a “hold” rating in a research report on Tuesday, August 18th. Finally, Berenberg Bank boosted their price objective on shares of 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. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,231.17.

Kainos Group Stock Up 1.0%

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 fifty day simple moving average of GBX 953.86 and a 200 day simple moving average of GBX 848.88. The firm has a market capitalization of £1.44 billion, a P/E ratio of 35.67, a P/E/G ratio of 2.15 and a beta of 0.83.

Insider Activity

In related news, insider Richard McCann sold 760,911 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of GBX 779, for a total value of £5,927,496.69. 19.72% of the stock is currently owned by corporate insiders.

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.