Kainos Group (LON:KNOS) Stock Price Up 22.5% – Here’s What Happened

Kainos Group plc (LON:KNOS)’s share price rose 22.5% on Tuesday . The company traded as high as GBX 870.50 ($11.79) and last traded at GBX 866 ($11.73). Approximately 1,323,183 shares traded hands during trading, an increase of 259% from the average daily volume of 368,477 shares. The stock had previously closed at GBX 707 ($9.58).

Wall Street Analysts Forecast Growth

KNOS has been the subject of a number of research reports. Shore Capital reissued a “buy” rating and set a GBX 1,070 target price on shares of Kainos Group in a research report on Monday. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 1,000 price objective on shares of Kainos Group in a report on Monday. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 1,070.

Kainos Group Stock Performance

The company’s fifty day moving average is GBX 721.54 and its 200 day moving average is GBX 720.47. The company has a market capitalization of £1.03 billion, a P/E ratio of 3,035.46, a P/E/G ratio of 2.15 and a beta of 0.79. The company has a current ratio of 1.81, a quick ratio of 1.59 and a debt-to-equity ratio of 3.76.

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.