Kainos Group (LON:KNOS) Share Price Crosses Below 50-Day Moving Average of $1,030.64

Kainos Group plc (LON:KNOS) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,030.64 ($12.73) and traded as low as GBX 929.36 ($11.48). Kainos Group shares last traded at GBX 940 ($11.61), with a volume of 131,968 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Shore Capital reaffirmed a “buy” rating on shares of Kainos Group in a report on Monday, April 15th. Berenberg Bank lowered their target price on Kainos Group from GBX 1,315 ($16.24) to GBX 1,260 ($15.56) and set a “buy” rating on the stock in a report on Monday, April 15th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 1,000 ($12.35) target price on shares of Kainos Group in a report on Monday, April 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kainos Group has an average rating of “Moderate Buy” and a consensus target price of GBX 1,280 ($15.81).

Kainos Group Price Performance

The stock has a 50-day simple moving average of GBX 1,030.64 and a 200 day simple moving average of GBX 1,053.54. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.59 and a current ratio of 1.55. The company has a market cap of £1.19 billion, a P/E ratio of 2,848.48, a P/E/G ratio of 2.15 and a beta of 0.73.

Kainos Group Company Profile

Kainos Group plc provides 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 public sector, commercial, and healthcare customers.