Kainos Group (LON:KNOS) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,021.96 and traded as low as GBX 995.50. Kainos Group shares last traded at GBX 1,012, with a volume of 670,166 shares traded.

Analysts Set New Price Targets

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

Kainos Group Price Performance

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 stock has a market cap of £1.20 billion, a PE ratio of 40.89, a P/E/G ratio of 2.15 and a beta of 0.79. The company’s 50 day moving average is GBX 1,021.96 and its 200-day moving average is GBX 891.71.

Kainos Group (LON:KNOS) last announced its earnings results on Monday, November 10th. The company reported GBX 19.30 earnings per share for the quarter. Kainos Group had a return on equity of 33.12% and a net margin of 12.74%. As a group, sell-side 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.