Kainos Group (LON:KNOS) Stock Breaks Above 50 Day Moving Average – Here’s Why

Shares of Kainos Group plc (LON:KNOS) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 1,057.83 and traded as high as GBX 1,267. Kainos Group shares last traded at GBX 1,243, with a volume of 264,256 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on KNOS shares. Berenberg Bank boosted their price target on Kainos Group from GBX 1,185 to GBX 1,330 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Canaccord Genuity Group lifted their price objective on shares of Kainos Group from GBX 1,200 to GBX 1,315 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,231.17.

Kainos Group Price Performance

The company has a quick ratio of 1.59, a current ratio of 1.17 and a debt-to-equity ratio of 6.11. The company has a market cap of £1.41 billion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.87. The firm has a 50 day simple moving average of GBX 1,074.67 and a 200-day simple moving average of GBX 896.81.

Insider Buying and Selling at Kainos Group

In other news, insider Richard McCann sold 760,911 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of GBX 779, for a total value of £5,927,496.69. 19.72% of the stock is owned by insiders.

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.