Kainos Group (LON:KNOS) Stock Price Down 12.4% – Time to Sell?

Kainos Group plc (LON:KNOS) shares traded down 12.4% during trading on Monday. The stock traded as low as GBX 1,058 and last traded at GBX 1,077. 909,223 shares traded hands during trading, a decline of 64% from the average daily volume of 2,543,336 shares. The stock had previously closed at GBX 1,230.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KNOS shares. Deutsche Bank Aktiengesellschaft lifted their target price on Kainos Group from GBX 920 to GBX 1,260 and gave the company a “hold” rating in a research note on Tuesday, August 18th. Canaccord Genuity Group increased their price target on Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Berenberg Bank lifted their price objective on shares of Kainos Group from GBX 1,185 to GBX 1,330 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,231.17.

Kainos Group Stock Down 12.4%

The company has a debt-to-equity ratio of 6.11, a current ratio of 1.17 and a quick ratio of 1.59. The company has a market capitalization of £1.24 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The firm’s 50-day simple moving average is GBX 1,247.14 and its two-hundred day simple moving average is GBX 938.21.

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.