Kainos Group (LON:KNOS) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Kainos Group plc (LON:KNOS) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,002.14 and traded as low as GBX 1,001. Kainos Group shares last traded at GBX 1,014, with a volume of 40,131 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group raised shares of Kainos Group to a “buy” rating and raised their price objective for the stock from GBX 1,000 to GBX 1,500 in a report on Tuesday, November 11th. Peel Hunt reissued an “add” rating and issued a GBX 1,100 price target on shares of Kainos Group in a research report on Monday, November 10th. Shore Capital restated a “buy” rating and set a GBX 1,100 price target on shares of Kainos Group in a research note on Tuesday, November 11th. Finally, Berenberg Bank lifted their price objective on Kainos Group from GBX 1,025 to GBX 1,185 and gave the company a “buy” rating in a report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,221.25.

Kainos Group Stock Up 0.1%

The stock has a market capitalization of £1.20 billion, a P/E ratio of 40.89, 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. The firm’s fifty day moving average is GBX 1,002.14 and its 200-day moving average is GBX 863.26.

Kainos Group (LON:KNOS) last posted its quarterly earnings data on Monday, November 10th. The company reported GBX 19.30 earnings per share for the quarter. Kainos Group had a net margin of 12.74% and a return on equity of 33.12%. As a group, equities research analysts predict that Kainos Group plc will post 48.0997625 earnings per share for the current year.

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.