Kainos Group (LON:KNOS) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Kainos Group plc (LON:KNOS)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 985.56 and traded as low as GBX 737.25. Kainos Group shares last traded at GBX 771.87, with a volume of 835,032 shares.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KNOS. Berenberg Bank increased their target price on shares of Kainos Group from GBX 1,025 to GBX 1,185 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Canaccord Genuity Group raised shares of Kainos Group to a “buy” rating and increased their price objective for the stock from GBX 1,000 to GBX 1,500 in a research report on Tuesday, November 11th. Peel Hunt reiterated an “add” rating and issued a GBX 1,100 target price on shares of Kainos Group in a report on Monday, November 10th. Finally, Shore Capital Group reissued a “buy” rating and issued a GBX 1,100 target price on shares of Kainos Group in a research report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,221.25.

Kainos Group Stock Performance

The firm has a market capitalization of £876.03 million, a price-to-earnings ratio of 29.86, a PEG ratio of 2.15 and a beta of 0.79. The firm has a 50 day moving average price of GBX 985.56 and a 200-day moving average price of GBX 914.38. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.81 and a quick ratio of 1.59.

Kainos Group (LON:KNOS) last released its earnings results 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, sell-side analysts expect that Kainos Group plc will post 48.0997625 earnings per share for the current fiscal 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.