Kainos Group (LON:KNOS) Stock Price Down 12.6% – Time to Sell?

Kainos Group plc (LON:KNOS)’s stock price traded down 12.6% during trading on Friday . The stock traded as low as GBX 726 ($9.42) and last traded at GBX 747 ($9.69). 1,766,981 shares were traded during mid-day trading, an increase of 304% from the average session volume of 437,578 shares. The stock had previously closed at GBX 855 ($11.09).

Wall Street Analyst Weigh In

A number of analysts have recently commented on KNOS shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kainos Group from GBX 1,235 ($16.02) to GBX 1,185 ($15.37) and set a “buy” rating on the stock in a report on Tuesday, September 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,415 ($18.35) target price on shares of Kainos Group in a research report on Friday, October 4th. Finally, Shore Capital reissued a “buy” rating on shares of Kainos Group in a report on Monday, September 16th.

Kainos Group Price Performance

The company has a quick ratio of 1.59, a current ratio of 1.81 and a debt-to-equity ratio of 3.76. The firm’s 50 day simple moving average is GBX 881.56 and its 200 day simple moving average is GBX 1,006.54. The company has a market capitalization of £934.99 million, a PE ratio of 1,905.13, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79.

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.